or as chris rock says: “right now, my job is that I’m like an ambulance chaser. I’ve got to look for movies with white guys falling out of them.” why do people kill for big #1 firms if all the gold is in p.i. work?
You will notice that, in the article, he says that personal injury lawyers pay referral fees to other lawyers for referring cases to them that amount to one third of the contingency fee. They can afford to pay a high referral fee like that because contingency fees are so lucrative. The fact that lawyers who are legislators are collecting one third of the contingency fees from personal injury lawyers that they refer their constituents to is one reason why it is so hard to pass tort reform laws in the legislatures. While lawyers consider paying referral fees to be ethical, other professional groups such as doctors, accountants, and engineers consider it unethical to pay referral fees and do not allow referral fees.
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As my first year Civil Pro professor stated: “If you want to do personal injury – do NOT chase ambulances – BUY AN AMBULANCE COMPANY.”
or as chris rock says: “right now, my job is that I’m like an ambulance chaser. I’ve got to look for movies with white guys falling out of them.”
why do people kill for big #1 firms if all the gold is in p.i. work?
You will notice that, in the article, he says that personal injury lawyers pay referral fees to other lawyers for referring cases to them that amount to one third of the contingency fee. They can afford to pay a high referral fee like that because contingency fees are so lucrative. The fact that lawyers who are legislators are collecting one third of the contingency fees from personal injury lawyers that they refer their constituents to is one reason why it is so hard to pass tort reform laws in the legislatures. While lawyers consider paying referral fees to be ethical, other professional groups such as doctors, accountants, and engineers consider it unethical to pay referral fees and do not allow referral fees.