Sometimes lawyers work on a contingency basis. They collect a percentage of their clients' settlements instead of

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Sometimes lawyers work on a contingency basis. They collect a percentage of their clients' settlements instead of receiving fixed fees. Why might clients prefer this arrangement? Would the arrangement mitigate an agency problem? Explain.

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Fundamentals of Corporate Finance

ISBN: 978-0077861629

8th edition

Authors: Richard Brealey, Stewart Myers, Alan Marcus

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Question Posted: Jun 30, 2016 09:06 AM

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Sometimes lawyers work on a contingency basis. They collect a percentage of their clients' settlements instead of

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The contingency arrangement aligns the interests of the lawyer with th...View the full answer

Fundamentals of Corporate Finance

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