Well, let's move in to more recent times and Florida's amendment 3 (2004) which pertains to medical malpractice suits.
It is possible that 30% of the award of many malpractice claims would not pay for all of the expenses, depending on the time it takes to reach an award and on the costs of medical experts. If an award is $250,000, the attorney would only be entitled to $75,000. Expert expenses could be $25,000; expenses could be $5-6,000, leaving the attorney less than $50,000 for five years or more committment to the case. Most attorneys would not be interested.
EC
The impact on the income of attorneys must be astronomical. No longer can attorneys charge 30-40% of awards plus additional compensation for expenses.AMENDMENT 3
Official Title: The Medical Liability Claimant’s Compensation Amendment
Ballot Language: Proposes to amend the State Constitution to provide that an injured claimant who enters into a contingency fee agreement with an attorney in a claim for medical liability is entitled to no less than 70% of the first $250,000.00 in all damages received by the claimant, and 90% of damages in excess of $250,000.00, exclusive of reasonable and customary costs and regardless of the number of defendants. This amendment is intended to be self-executing.
It is possible that 30% of the award of many malpractice claims would not pay for all of the expenses, depending on the time it takes to reach an award and on the costs of medical experts. If an award is $250,000, the attorney would only be entitled to $75,000. Expert expenses could be $25,000; expenses could be $5-6,000, leaving the attorney less than $50,000 for five years or more committment to the case. Most attorneys would not be interested.
EC