'Risks, Reputations, and Rewards: Contingency Fee Legal Practice in the United States'

These days, "trial lawyer" is almost an epithet. Just ask John Edwards. At times, he's found himself dismissed as a Washington novice, then damned for too much time in court.

For some, the former profession of the Democratic senator and vice-presidential candidate enables a litigious culture gone wild. Members of the "plaintiffs' bar," especially personal-injury lawyers, are seen as living high off contingency fees and taking advantage of naïve clients. Others counter that

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