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Accounting and Financial Planning for Law FirmsFeaturesLaw Firm ManagementLaw Firm ProfitabilityLawyer Rates and Arrangements

Big Law Banks On Contingency Fees to Maximize Profitability

By Abigail Adcox
April 01, 2024

In a quest to maximize profitability, Am Law 200 law firms have grown their share of business tied to contingency fees, a gamble that has paid off for some firms in recent years.

Kirkland & Ellis, Crowell & Moring, Quinn Emanuel Urquhart & Sullivan and Susman Godfrey are among the firms that have represented plaintiffs on a contingency fee basis, agreeing to take on certain litigation in return for a portion of any recovery in a settlement or judgment.

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