The highest paid attorneys are generally plaintiff's lawyers who handle class action or serious personal injury, wrongful death, product liability, medical malpractice lawsuits. Class Action fees may be as high as 25% although they are often capped in large settlements. Attorneys generally take 33 & 1/3 % of any recovery in the other categories. Next in line would be attorneys who handle major corporate law and/or in-house counsel for multi-billion dollar companies, etc. Patent Law, Commerical Real Estate, Entertainment Law and High Profile Criminal Law would most likely follow. These categories overlap depending on the particular cases the attorney may handle.
The highest paid attorney is a government or corporate attorney. Although lawyers who work in large firms or have their own firm are also highly paid.
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An attorney's lien is the right of an attorney to retain a client's papers until the attorney's fees have been paid.
A class action attorney advance all their costs and only if the lawsuit is successful the attorney will petition in the court and will be paid by the defendant in court on the costs that need to be paid. If the lawsuit is not successful then the class action attorney may not get paid at all.
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