Ted Frank of Overlawyered and Point of Law usually approaches contingency fee
issues a bit differently than I do. He is far more steeped in economics than I, and
he brings the perspective of a “tort reformer.” As ethicalEsq said in July 2003,
tort reform is a matter of political and social policy, not legal ethics, and it is not
my fight. My perspective — by temperament, and after a dozen years practicing
antitrust law at the FTC — is that of a consumer and competition advocate. I want
legal clients to receive the benefits of both professional responsibility rules (with
related fiducial rights) and competition, and I believe that a well-informed client can
protect his or her interests far better than one treated like a mushroom (viz., kept
in the dark and covered with manure).
ATLA: at leastbar association
Personal injury lawyers, however, seem to get just as upset with me as they do with
tort reformers, even though I have never advocated limiting the right to sue (except when
a claim is truly frivolous — that is, without a colorable basis in fact or law), nor capping
the amount paid out in damages. However, although I want clients to get all that they
deserve, that means having their lawyers take only the fees that they deserve. That’s
what has gotten me in hot water with the personal injury bar from the very first time I
questioned whether application of a “standard” or customary contingency fee to virtually
every client is ethical — before I had ever heard of a tort reform movement.
What does this have to do with the title of today’s post? Well, this week, Ted Frank
wrote at Overlawyered (“Search Engine Index,” March 27, 2006) about the interesting
(but not surprising) fact that:
“Six of the eight most expensive Google AdSense search terms are for
attorneys . . . with “mesothelioma lawyers” topping the charts.” [per
In addition, at Inside Opinions, Robert Ambrogi pointed to Ted and pointed out that:
Other chart-topping search terms include “tax attorney,” “car accident lawyer” and
“auto accident attorney.”
Ted concluded that the lawyers were willing to pay very high click-through rates
for AdSense “because there is a lot of easy profit to be made.” He then asks:
“The interesting question is what market failure has occurred such that
this gigantic profit is not being competed away by, say, offering clients
a smaller attorneys’ fee. This is surplus that should be going to clients,
not to Google.”
“googleSign”
That’s where the tort-reforming economist in Ted starts sounding an awful lot
like the ethicist-trustbustin’ consumer advocate in me.. . .
. . . . please click to read the rest of this post,
which is part I of a four-part series, that includes:
contingency fees: risk matters April 3, 2006
contingency fees: do “standard” fees still exist? April 5, 2006
contingency fees: ethical duties April 7, 2006
.
April 2, 2006
contingency fees: market failure
Comments Off on contingency fees: market failure
honorary gumbahs: yu and john
Not all of my “gumbahs” are Italo-American. Over dim sum, carrot cake,
haiku, and lawn bocce, John Stevenson and Yu Chang have become, in
the words of The American Heritage Dictionary:
Goombah: n. Slang. A companion or associate, especially an
older friend who acts as a patron, protector, or adviser.
[Think of “older” as in “wiser,” “more mature.”]
Let me tell you, these gumbahs can write haiku and senryu!
yu chang
sunrise
the new guppy
fans its tail
mountain trail
my heart beat
louder than I remember
mountain pass
sun
on every windshield
waiting for you
another pair of headlights
through the fog
circuits lab
his mistake
in the air
evening silence
cat food for the stray
untouched
drainage ditch
first frog
of spring
Yu Chang from Upstate Dim Sum (2003/I)
except: “drainage ditch” – (2003/II)
![]()
his spotless
new office
my dermatologist
home
and homesick
all-night diner
satellite image
of my childhood home
. . . the woods
Monday morning
putting the point
on a pencil
![]()
a touching movie
the ushers wait
for us to leave
kayak
to the point
a bent reed
dinner for one
a view
of the ocean
potluck
Darn, I forgot all about Spring Break and swimsuits, when I
ate that entire bag of Hershey’s Dark Chocolate Kisses at 3 AM
last night. Good thing the NYT reminded me to start dieting again.
“Before Spring Break, The Anorexic Challenge, April 2, 2006; via
Althouse).
Please: Spare me from power-hungry political webloggers and from
liberal Democrats who think we can win elections by becoming ideological
all fools day
my daughter gets in first
with a pinch and punch
matt morden – morden haiku
Gumbah-haijin Matt Morden linked yesterday to a piece discussing
the origins of April Fool’s Day – All Fools Day.
Comments Off on honorary gumbahs: yu and john