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March 4, 2020

Law Firms Set to Earn Hundreds of Millions in Fees Related to 15 Opioid Settlements

About a dozen law firms are already set to earn nearly $160 million in fees related to 15 opioid settlements in Ohio and Oklahoma, and according to Law.com’s review of the contracts associated with those settlements, that amount is likely to increase. 

Lester Brickman, a professor at Yeshiva University’s Benjamin N. Cardozo School of Law who has reviewed some of the contingency fee contracts in the opioid lawsuits, said some cities and counties were “taken to the cleaners,” signing contingency contracts with fee rates of up to 40%.”

On top of existing contracts several law firms have proposed that 7% of all opioid settlements be set aside to pay common benefits fees.  Dozens of state attorneys general, cities and counties oppose the proposed hold back.

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