Discussion paper

DP4532 Conditional versus Contingent Fees

Under contingent fees the attorney gets a share of the judgement; under conditional fees the lawyer gets an upscale premium if the case is won which is, however, unrelated to the adjudicated amount. We compare conditional and contingent fees in a framework where lawyers are uninformed about the clients? cases. If there is asymmetric information about the merits of cases, in equilibrium attorneys will offer only conditional fees. If there is asymmetric information about the risk of cases, only contingent fee contracts are offered in equilibrium.

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Citation

Emons, W (2004), ‘DP4532 Conditional versus Contingent Fees‘, CEPR Discussion Paper No. 4532. CEPR Press, Paris & London. https://cepr.org/publications/dp4532

Factory workers
VoxEU Column

Industry agglomeration and location choice of productive firms: The role of product markets in adverse selection

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  • Industrial organisation
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  • Productivity and Innovation