Contingent Fees for Attorneys: An Economic Analysis
分析信息不对称下，胜诉酬金如何让客户和律师分别通过固定费用与提成比例的选择来传递案件质量或自身能力信号。
When there is asymmetric information, contingent fees can allow clients to signal the qualities of their cases and attorneys to signal the quality of their advice. Thus, a well-informed client who has a high-quality case will be willing to pay a relatively high fixed fee and a relatively low contingency percentage, while a client with a low-quality case will prefer a low fixed fee and a high contingency percentage. In contrast, a well-informed high-quality attorney will signal her ability by working for a relatively high contingency percentage.