Senator Jeff Brandes Calls for Narrowing the Use of Contingency Fee Multipliers – the “Slot Machine” for the Legal Profession – on the Florida Chamber’s Bottom Line
TALLAHASSEE, FL (February 21, 2020) – As the Florida Legislature tackles narrowing the use of contingency fee multipliers, Senator Jeff Brandes tells the Florida Chamber’s Bottom Line that these fee escalators were never designed to be “the slot machines for the legal profession.”
In fact, contingency fee multipliers, which are used by trial lawyers to get legal fees two or three times higher than their normal, hourly rate, are only granted in “rare and exceptional” circumstances everywhere but Florida.
“We’re trying to level the playing field and set the standards as where it is in the rest of the 49 states and the federal standard,” Brandes explains.
Florida’s bottom five legal climate is costing the average family $4,442 each year in lawsuit abuse ‘taxes.’ Lawsuit abuse reform is a top legislative priority for the Florida Chamber.
Senator Brandes also discusses criminal justice reform as well as the future of innovation and disruptive technologies.
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Established in 1916 as Florida’s first statewide business advocacy organization, the Florida Chamber of Commerce is the voice of business and the state’s largest federation of employers, chambers of commerce and associations aggressively representing small and large businesses from every industry and every region. The Florida Chamber works within all branches of government to affect those changes set forth in the annual Florida Business Agenda, and which are seen as critical to secure Florida’s future. The Florida Chamber works closely with its Florida Political Operations and the Florida Chamber Foundation. Visit www.FloridaChamber.com for more information.