Why dont all lawyers work on a contingency fee basis?
Many corporate lawyers and lawyers who defend insurance companies or insurers are paid by very wealthy companies. They are paid regardless of whether they win or lose. They charge by the hour. Because of this, they benefit from lengthening the paper trail involved in legal actions. The longer the case drags on, the more difficult it is for a law firm working on a contingency – fee basis to sustain its cause of action against them – and the more hours the insurance lawyers are able to bill their clients.
