| Summary: | The writers examine the perceived fairness of contingent fee (CF) arrangements within the attorney services' market. They report on a series of experiments aimed at identifying the factors bearing on the perceived fairness of CF arrangements. They note that four factors determine the effective hourly rate that results from a CF agreement: the claimed sum, the probability of recovery, the CF rate, and the number of hours worked. They discuss their findings and examine the implications for judicial and statutory supervision on CF rates, as well as for fairness judgments in general.
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