Tuesday, May 24, 2011

Dacy v. Taraday (Cal. Ct. App. - May 19, 2011)

Struggling contingency fee lawyers take note.  That huge case of yours may be a burden.  It may cost you hundreds of thousands of dollars in expenses (as it did here).  It may bankrupt your firm and force it to dissolve (as it did here).  It may even kill and outlive you (as it did here).  You may even lose repeatedly in the trial court, both initially and on remand.

But when you die.  On your deathbed.  You shall receive . . . $64 million.

Of course, then they'll be the inevitable litigation about how to split those fees.  Despite your best efforts to write things down clearly.

But fear not.  The Court of Appeal will eventually decide.  And, in the end, a check will be cut.

The light at the end of the tunnel.