stockingfull wrote:It's just false. Tort lawyers make no money -- ZERO -- on cases they don't win.
LOL you know as well as I do they are just pulling the handle on the judicial slot machine waiting for it to start going DING! DING! DING! DING! DING! DING! DING! DING! DING! Edit: Last I checked there was no law that said they had to take these cases, they do it because they know when they do win the profits are enormous to outright absurd. Tell you what stockingfull, if you ever get hit by a poor uninsured driver try taking your case to one these accident claim lawyers advertising on TV and see what they tell you. You don't have to because I tell you what they will they will say.....nothing because they'll be too busy doing this -------------->
Take this for example from Tennessee : http://www.dayontorts.com/tort-reform-t ... essee.html
I'm going to use some average numbers here:
In 2006 total there is nearly 3000 cases listed there whether judgment , settlement or loss. The lawyer had a one in six chance of winning, total payout for the nearly 500 cases won was $105,000,000 or $210,000 per win. the average lawyer fee is 30%? So that's $70,000 the lawyer gets for win... or the other way to look at it is they are getting paid something like $11,500 win or lose.
That doesn't even begin to skim the surface though because 5/6 cases being loss would suggest the system is being abused would it not? Of course defense costs have not been added into these number and they get paid no matter what.