HB 1168: The Trial Lawyer Hypocrisy Act of 2010
If there’s one thing personal injury lawyers are especially good at, it’s exploiting the misfortunes of their clients while devising new ways to line their own pockets.
Colorado House Bill 1168 is this year’s prime example. While claiming to help injured parties receive full compensation for damages caused by the fault of someone else, what it really does is guarantee that the injured person, in order to be fully compensated, must hire a lawyer.
Since most personal injury cases are handled on a contingent fee basis, that means that just when the injured party is about to be paid, the trial lawyer will extract his fee of 33 or 40 percent of the award. (more…)