Skip to main content Accessibility help
×
Hostname: page-component-848d4c4894-x24gv Total loading time: 0 Render date: 2024-04-30T20:46:25.141Z Has data issue: false hasContentIssue false

3 - Are Contingency Fee Profits “Reasonable”?

Published online by Cambridge University Press:  05 June 2012

Lester Brickman
Affiliation:
Benjamin N. Cardozo School of Law
Get access

Summary

IN VIRTUALLY ALL STATES – NEW YORK AND CALIFORNIA BEING notable exceptions – state supreme courts exercise nearly exclusive control over the practice of law. In some states, this power is conferred by a specific provision in their constitutions. In most states, however, state supreme courts claim the exclusive authority to regulate the practice of law simply by fiat. The courts use this purloined power to fend off regulation of lawyers by state legislatures and to advance lawyers' interests in a variety of ways.

As part of their exercise of control over the legal profession, states' high courts have promulgated codes of ethics, which are typically adaptations of model codes of ethics drafted by the American Bar Association (ABA). The ABA adopted its first code, the Canons of Ethics, in 1908. As noted, Canon 13 recognized the validity of contingency fees, provided they were reasonable in light of the risk borne by the lawyer. In 1963, the ABA replaced the Canons of Ethics with the Model Code of Professional Responsibility. In 1983, the ABA extensively redid the Model Code and titled the new version, The Model Rules of Professional Conduct. Today, every state but California has adopted, through judicial approval, the Model Rules in full or in substantial part. The ABA has extensively modified its code since 1983, and state supreme courts have adopted many of these modifications, albeit with changes.

Type
Chapter
Information
Lawyer Barons
What Their Contingency Fees Really Cost America
, pp. 47 - 56
Publisher: Cambridge University Press
Print publication year: 2011

Access options

Get access to the full version of this content by using one of the access options below. (Log in options will check for institutional or personal access. Content may require purchase if you do not have access.)

Save book to Kindle

To save this book to your Kindle, first ensure coreplatform@cambridge.org is added to your Approved Personal Document E-mail List under your Personal Document Settings on the Manage Your Content and Devices page of your Amazon account. Then enter the ‘name’ part of your Kindle email address below. Find out more about saving to your Kindle.

Note you can select to save to either the @free.kindle.com or @kindle.com variations. ‘@free.kindle.com’ emails are free but can only be saved to your device when it is connected to wi-fi. ‘@kindle.com’ emails can be delivered even when you are not connected to wi-fi, but note that service fees apply.

Find out more about the Kindle Personal Document Service.

Available formats
×

Save book to Dropbox

To save content items to your account, please confirm that you agree to abide by our usage policies. If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your account. Find out more about saving content to Dropbox.

Available formats
×

Save book to Google Drive

To save content items to your account, please confirm that you agree to abide by our usage policies. If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your account. Find out more about saving content to Google Drive.

Available formats
×