The Effect of Judicial Expedience on Attorney Fees in Class Actions
Judges facing exogenous constraints on their pecuniary income have an incentive to reduce their workload to increase their private welfare. In the face of an increase in caseload, this incentive will induce judges to attempt to terminate some cases more rapidly. In class action cases, failing to grant an attorney fee request will delay termination. This conflict is likely to lead judges to authorize higher fees as court congestion increases. Using two data sets of class action settlements, we show that attorney fees are significantly and positively related to the congestion level of the court hearing the case.
Year of publication: |
2007
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Authors: | Helland, Eric ; Klick, Jonathan |
Published in: |
The Journal of Legal Studies. - University of Chicago Press. - Vol. 36.2007, 1, p. 171-187
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Publisher: |
University of Chicago Press |
Saved in:
Online Resource
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