Emons, Winand (2017). Legal Fees and Lawyers’ Compensation. In: Parisi, Francesco (ed.) The Oxford Handbook of Law and Economics: Volume 3: Public Law and Legal Institutions 3 (pp. 247-258). Oxford: Oxford University Press 10.1093/oxfordhb/9780199684250.013.42
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This paper analyzes and compares different forms of attorney compensation, namely contingent, conditional, and hourly fees. Our focus is on the risk-sharing and incentive aspects these dif-ferent contractual forms give rise to. We find that depending on the special circumstances of the relationship between the attor-ney and his client each contractual form has its virtues. Our message is, therefore, that there should be freedom of contract between the client and her lawyer: let them choose the contrac-tual form that best suits their interests and the special features of their relationship.
Item Type: |
Book Section (Encyclopedia Article) |
|---|---|
Division/Institute: |
03 Faculty of Business, Economics and Social Sciences > Department of Economics |
UniBE Contributor: |
Emons, Winand |
Subjects: |
300 Social sciences, sociology & anthropology > 330 Economics |
ISBN: |
978-0-19-968425-0 |
Publisher: |
Oxford University Press |
Language: |
English |
Submitter: |
Winand Emons |
Date Deposited: |
11 May 2018 15:18 |
Last Modified: |
05 Dec 2022 15:11 |
Publisher DOI: |
10.1093/oxfordhb/9780199684250.013.42 |
BORIS DOI: |
10.7892/boris.112857 |
URI: |
https://boris.unibe.ch/id/eprint/112857 |
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