Cashing by the hour: Why large law firms prefer hourly fees over contingent fees

Large law firms seem to prefer hourly fees over contingent fees. Thispaper provides a moral hazard explanation for this pattern of behavior.Contingent legal fees align the interests of the attorney with those ofthe client, but not necessarily with those of the partnership. We showthat the choice of hourly fees is a solution to an agency problem withmultiple principals, where the interests of one principal (law firm)collide with the interests of the other principal (client).

Iowa Sales and Use Tax Annual Statistical Report 1998

Iowa Sales and Use Tax Annual Statistical Report 1998

Iowa Sales and Use Tax Annual Statistical Report 1999

Iowa Sales and Use Tax Annual Statistical Report 1999

Iowa Sales and Use Tax Annual Statistical Report 2000

Iowa Sales and Use Tax Annual Statistical Report 2000

Iowa Sales and Use Tax Annual Statistical Report 2001

Iowa Sales and Use Tax Annual Statistical Report 2001

Iowa Sales and Use Tax Annual Statistical Report 2002

Iowa Sales and Use Tax Annual Statistical Report 2002

Iowa Sales and Use Tax Annual Statistical Report 2003

Iowa Sales and Use Tax Annual Statistical Report 2003

Iowa Sales and Use Tax Annual Statistical Report 2004

Iowa Sales and Use Tax Annual Statistical Report 2004

Iowa Sales and Use Tax Annual Statistical Report 2005

Iowa Sales and Use Tax Annual Statistical Report 2005

Iowa Sales and Use Tax Annual Statistical Report 2006

Iowa Sales and Use Tax Annual Statistical Report 2006

Iowa Sales and Use Tax Annual Statistical Report 2007

Iowa Sales and Use Tax Annual Statistical Report 2007

Iowa Individual Income Tax School District, Tax Year 1997

Iowa School District Surtax Report 1997

Iowa Individual Income Tax School District, Tax Year 1998

Iowa School District Surtax Report 1998

Iowa Individual Income Tax School District Report, Tax Year 1999

Iowa School District Surtax Report 1999

Iowa Individual Income Tax School District Report, Tax Year 2000

Iowa School District Surtax Report 2000