Fee-sharing arrangements can let a partner collect without risking capital

Evidence

Conway reminded Schlichtmann that they were still just local counsel. The case really belonged to Roisman and Trial Lawyers for Public Justice, even though Schlichtmann had paid all the bills so far and done most of the work on summary judgment. That one motion, Conway calculated, had cost the firm twenty-five thousand dollars. If nothing else, it was by now perfectly clear that Woburn would require a true fortune to prepare. Levin recommended bringing in experts in half a dozen disciplines—neurology, cardiology, toxicology, internal medicine, among others—to perform complete medical workups on all twenty-eight plaintiffs. And then there was Colvin’s big blood study with fifty controls. Where was Trial Lawyers for Public Justice? wondered Conway. Since Roisman and his organization stood to collect two thirds of any fee that resulted from the case, they should at least be risking some of their own money. — , Harr Jonathan - A Civil Action, 684

Categorization

• SHARE: Perfect for anyone who litigates or follows public-interest law funding: the local counsel absorbing costs while the national organization takes two thirds of any fee.
• XREF: connects to: Consignment arrangements function as implicit loans between trading partners. — Lisa Bernestein, Opting out of the Legal System, 122; Financial derivatives unbundle assets into tradable attributes without ownership transfer. — Andrew deWaard, Derivative Media: How Wall Street…, 169; Businessmen receiving protection either pay a cut or become partners

Broader Connections

• Consignment arrangements function as implicit loans between trading partners. #exemplifies (0.85) — Lisa Bernestein, Opting out of the Legal System, 122
• Financial derivatives unbundle assets into tradable attributes without ownership transfer. #exemplifies (0.80) — Andrew deWaard, Derivative Media, 169
• Businessmen receiving protection either pay a cut or become partners #exemplifies (0.75)