Like CFOs of yore, class action beauty parades push down law firms’ GCO profits

Analysis 2022-12-13 2:10 pm By Christine Caulfield

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A recent ruling cutting the contingency fee sought by a plaintiff law firm shows competition to run class actions will drive down the percentage payout courts are willing to permit. And as more firms enter the market for a slice of the returns, the downward pressure on profits will only build.

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