Quote:
Originally Posted by BeanTown
Not being an attorney, what would ballpark lawyer cost be for the plantiff and the defendant(s). Im sure there are two seperate amounts... Through jury trial or up to trial.
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Plaintiff firms typically enter into contingency fee contracts with their clients. If the case settles before trial, 33% is the usual fee. It, however, normally increases to 40% if the case goes to trial.
The Defendants’ attorneys will bill per hour. The total fee is obviously the agreed upon hourly rate X the total hours. The defense attorney fees will likely equal hundreds of thousands of dollars.
I’m sure the Defendants have insurance, which will defend and indemnify them. This is what insurance does. However, most insurance policies exclude intentional torts. The insurance companies may defend under a reservation of rights. They could even bring forth a declaration action to determine whether there is any insurance coverage.