Today’s Wall Street Journal asked an interesting question: “Should lawyers get paid for a win without a fight?”
What does this mean? The articles go on to explain that the issues behind many lawsuits, especially those on behalf of shareholders, are quickly resolved by the defendant company after filing, making the lawsuit unnecessary. Still, even though the lawyers don’t ever have to face a day in court, they frequently are able to “collect hefty attorneys’ fees.”
Frequently, the companies are left with the bill to pay for this litigation, which in turn effects the bottom line and who else – the shareholder.