Are Contingency Fees Competitive? New Paper Says No, but Caps Are No Cure

Document Type

News Article

Publication Date

5-8-2026

Source Publication Abbreviation

Stanford Law School Blogs

Abstract

This article discusses research finding that the personal injury contingency-fee market is neither fully competitive nor efficient because consumers lack clear fee and performance information. While acknowledging market shortcomings, the authors argue that statutory fee caps are counterproductive and regressive, advocating greater transparency through standardized disclosure and closing-statement requirements instead.

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