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Author Question: One reason that lawyers might prefer a contingent contract when representing a plaintiff in a tort ... (Read 112 times)

DyllonKazuo

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One reason that lawyers might prefer a contingent contract when representing a plaintiff in a tort case is that
 
  A) lawyers are risk neutral.
  B) diversification of many cases allows lawyers to reduce risk.
  C) lawyers are typically confident about winning every case.
  D) hourly rates for lawyers are usually very low.

Question 2

Suppose a plaintiff hires a lawyer to represent her in a court case. Under which of the following contracts is efficiency in risk bearing assured?
 
  A) The lawyer is paid by the hour.
  B) The lawyer receives a share of the settlement.
  C) The lawyer receives a fixed fee.
  D) It is impossible to determine without the degree of risk aversion for each.


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sabina576

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DyllonKazuo

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Reply 2 on: Jul 1, 2018
Thanks for the timely response, appreciate it


samiel-sayed

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Reply 3 on: Yesterday
Great answer, keep it coming :)

 

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