I feel an exception class actions. Lawyers walk away with way too much of damages that should be going to victims. If it were that same .2% it would be ok, but it’s not. It’s on average 25-30% of the total fee, and that’s disgusting.
You should be focusing your frustration on the other side that makes these lawyers so valuable. Insurance companies often knowingly deny valid claims and significantly under offer early settlements. If we held insurers to a higher standard of accuracy and penalized them whenever a jury finding was much higher than a settlement offer then lawyers would be less necessary.
I feel an exception class actions. Lawyers walk away with way too much of damages that should be going to victims. If it were that same .2% it would be ok, but it’s not. It’s on average 25-30% of the total fee, and that’s disgusting.
You should be focusing your frustration on the other side that makes these lawyers so valuable. Insurance companies often knowingly deny valid claims and significantly under offer early settlements. If we held insurers to a higher standard of accuracy and penalized them whenever a jury finding was much higher than a settlement offer then lawyers would be less necessary.
People in a class aren’t going to get much typically. The point of class action is to entice lawyers to sue to fight small sized but widespread harm.
Especially now that the Supreme court has blocked regulators, class action will be one of the few ways left to stop widespread abuse.