Big Law Takes Bigger Bet on Contingency Fee Practices

Kirkland, Crowell, Quinn and Susman Godfrey, among others, have all had financial gains from contingency fee cases. "We've seen a noticeable increase in interest in building out plaintiff side practices," said Evan Meyerson, at Burford Capital.

March 21, 2024 at 10:00 AM

6 minute read

Litigation

Abigail Adcox

What You Need to Know

There's a growing appetite in Big Law to built out contingency practices.
Crowell & Moring, Susman Godfrey and Quinn Emanuel have cited contingency work in relation to their financial performances in recent years.
The 2024 Citi Hildebrand Client Advisor noted higher proportions of revenue derived from AFAs, which includes contingency work.

In a quest to maximize profitability, Am Law 200 law firms have grown their share of business tied to contingency fees, a gamble that has paid off for some firms in recent years.