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- Willing to work on a contingency basis: Most lead plaintiffs don’t have the funds to pay a retainer and meet the billing expectations of a class action lawyer. Instead, they look for contingency basis lawyers. Clients also prefer working with contingency basis law firms because doing so ensures that the firm has a stake in the case’s success.
- Unafraid to refuse unreasonable settlement offers: Firms that are under financial pressure are more likely to encourage clients to accept low-ball settlements—something no class action participant wants.
- Well-versed in class action complaints: Clients want attorneys with the experience and insight necessary to prepare compelling and effective class action complaints, so their case may proceed. But before lawyers can draft a complaint, they must review evidence, case law, comparable allegations, the broader impact of the damages, and a number of other things. Law firms must be able to continue their business operations while waiting for a future payout.
-2019 Carlton Fields Class Action Survey