If its one thing that I have learned is that, if there's no money in it for them there's no way a lawyer will sue.
So there's two ways a lawyer gets money, either you pay them up front out of your pocket or they get paid a percentage of the settlement.
When they are paid up from they have no risk because it is you who have paid for their services. Does the lawyer care if your lawsuit is winnable? He/she is only doing what they have been paid to do, win or loose.
However, isn?t a good portion of lawsuits brought today where the lawyer is solely compensated contingent upon winning? This puts the shoe on the other foot. You bring the opportunity to the lawyer, the lawyer considers its merits and the money that can possibly one. What do they normally get 30-35% of the settlement? If they don't win they don't get paid.
Therefore, isn?t it fair assume that, if the defendant doesn't have "deep pockets" or a "big" insurance policy like one of those multimillion dollar umbrella policy that some people like to consider as protection, then the "pot of gold" may not be big enough making a lawsuit less inviting.
In conclusion, wouldn?t it be fair to say that most lawyers compensation contingent upon a percentage of the settlement since most people aren?t in a position to pay for a lawyer up front? Wouldn?t it also be fair to say that large insurance policy may be inviting for lawsuits? Could there be a possibility of being over insured which may be an invitation for lawsuits?
We all need to be insured because things can happen that we are responsible for. But how much is to much and what can be legally taken away from us and what can we afford to loose. One has to evaluate the risks as opposed to the possibility of providing an opportunity for those looking for that pot of gold.