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May 3, 2016

WSJ Spotlights Municipalities’ Growing Use of Contingency Fee Attorneys

The Wall Street Journal spotlights the growing use of contingency fee plaintiff firms by municipalities to sue private companies on behalf of the city or town. 

Since 2012, Providence, RI has used this practice to file more than two dozen lawsuits over securities and antitrust allegations. More than a third were filed “with the help of lawyers from Motley Rice LLP, a South Carolina-based plaintiffs’ firm that ​has contributed at least $123,000 to Rhode Island candidates since 2001.”

“Cities and counties are very, very ripe for these kinds of sales pitches, because there is the promise of millions of dollars at a time when a lot of them are really very cash-strapped,” said ILR President Lisa A. Rickard.

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