Anyone concerned about the recent proposal to scale fees in litigation / limit our earnings? Will this cause a drop in the salary of litigation associates?
Personally I think this will affect the small-mid firms the most who do the bulk of low-mid value litigation work. For high value litigation work, the rewards are still there e.g. for a 10m claim the cap is about $140k (still lower than now of course). Also doesn't affect international arbitration.
Is it still viable to go into liti?
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