5 thoughts on “From The Daily Beast: Ugly Battle Over ‘S***** Media Men’ List Ends in Six-Figure Payout

      1. Aside from the contingency aspect of it, the market rate for experienced trial lawyers in the Eastern District of New York is in the $400/hour range. It’s likely that in over four years his lawyers put in over 1,000 hours of work, so if they were billing by the hour, instead of taking a cut of the recovery, the settlement would have to be in the half-million or more range to be worth doing. And the client probably couldn’t afford to pursue the case on a straight hourly fee basis.(I currently have a case in the Eastern District of a kind that would normally be contingent, but the client — or, more precisely, the client’s husband — is loaded. Judging by the uneconomical way her lawyers are litigating the case, and the substantial risk of loss, she must be paying them on an hourly basis or, perhaps, some hybrid fee arrangement.) Elliot’s lawyers’ cut probably short-changes them, but that’s the risk in contingency cases.Report

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