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Bill Summary Details

Attorney Contingency Fees (Oppose)

SB 1574 (Baxley) prohibits local or regional governmental entities from entering into contingency fee contracts with a private attorney or law firm to receive an aggregate contingency fee more than a specified amount when handling a lawsuit on behalf of the government entity. The bill establishes the rates that a private attorney or law firm may receive up to 5% recovery over $25 million and up to 25% recovery over $10 million. The aggregate contingency fee is capped at $20 million, not including reasonable costs and expenses. (Cruz)