A Silver Lining in the BP Settlement

By LLAW Executive Director Melissa Landry, originally posted on The Hayride

How would you like a $700 million payday for five years of work? That’s a long way from the minimum wage. But that’s about what trial lawyers would have made off the BP settlement if some lawmakers and the Attorney General had been allowed to use contingency fee contracts to hire outside attorneys in the aftermath of the 2010 Gulf oil spill.

Fortunately, business and legal reform advocates didn’t let that happen. But this story serves as a cautionary tale of what could happen if lawyers and lawmakers are […]