As a lawyer, we should not make more than our client on the deal. P&S is very subjective and should not be allowed to bankrupt a doctor or her insurance company.
Regardless of what weak arguments the trial bar attempts to use to save the goose that layed their golden egg, it’s undeniable that Oklahoma is the only state (other than Louisiana which really doesn’t count…) that hasn’t enacted lawsuit reform.
The exodus of doctors is just one symptom, along with punitive WC rates driven by a lop-sided system that awards lawyers even more than the “victims” they claim to represent.
If Henry vetoes it again, he oughta be willing to explain the negative consequences to Oklahoma taxpayers.
Thats a laudable sentiment certainly. Unfortunately, it is also the case that a plaintiff’s attorney many times does “make” more than the client. In states with no statute to cap attorney contingency fees (such as Wyoming), a case which goes to trial will likely have the plaintiff’s attorney taking 50% AFTER expenses. Its not unusual to have six figure expenses on a med mal case, and where the recovery is less than $500k, the client takes home less than half.
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As a lawyer, we should not make more than our client on the deal. P&S is very subjective and should not be allowed to bankrupt a doctor or her insurance company.
Regardless of what weak arguments the trial bar attempts to use to save the goose that layed their golden egg, it’s undeniable that Oklahoma is the only state (other than Louisiana which really doesn’t count…) that hasn’t enacted lawsuit reform.
The exodus of doctors is just one symptom, along with punitive WC rates driven by a lop-sided system that awards lawyers even more than the “victims” they claim to represent.
If Henry vetoes it again, he oughta be willing to explain the negative consequences to Oklahoma taxpayers.
Thats a laudable sentiment certainly. Unfortunately, it is also the case that a plaintiff’s attorney many times does “make” more than the client. In states with no statute to cap attorney contingency fees (such as Wyoming), a case which goes to trial will likely have the plaintiff’s attorney taking 50% AFTER expenses. Its not unusual to have six figure expenses on a med mal case, and where the recovery is less than $500k, the client takes home less than half.