Little is known about the economics of plaintiff-side law firms, which typically work on a contingency fee basis. We begin here to fill that gap. We report on the fees received by 124 plaintiff-side personal injury firms located in four states (Illinois, Texas, and two additional undisclosed...

This paper describes a model for calculating damages, including the lost pleasure of life, in cases involving personal injury. The model is based on the theory of household utility maximization. The members of the household are assumed to produce three types of goods for household consumption:...