The Lawyer’s new China Elite report contains the most detailed research available on the PRC legal market and contains unparalleled insight into the country's leading law firms. They vary in size, practice focus and geographic coverage, but they all share one common quality – ambition... Read more
This year, The Lawyer’s annual ranking of the largest UK law firms by turnover is available as an interactive, digital benchmarking tool. For the first time this will allow you to manipulate each data set against the metrics of your choice.
Despite the political rhetoric that labels it ‘jackpot justice’, the average US class action award has been holding steady, says a recent study by two law school professors.
Cornell University’s Theodore Eisenberg and the University of New York’s Geoffrey Miller found that the average price of class action settlements and the average fee to attorneys have seen no “real dollar” increase in the past 10 years.
They analysed data from all state and federal class actions between 1993 and 2002, where attorney fees and recovery amounts could be ascertained. They also read around 400 cases and federal court opinions, ranging from antitrust to consumer to securities law violations.
With a bill before the US Congress to curb large awards in class actions, the study highlights the need for more solid data for policymakers about the US legal system.