Wow, it that isn't a bullish perspective on how Duane Morris views the cases it accepts ! Great strategy...love that EDIG fills the bill for their requirements for contingency cases.

Great find !

There was not a substantial boost in 2007 in the firm's revenue from its contingent fee program. Duane Morris spent the last three to four years investing in that work and anticipates seeing the payoff in 2008 and 2009, Bonovitz said. He said it's a trend within large firms to take on more contingent fee cases.

Duane Morris' program devotes 4 percent of the firm's billable time to contingent fee work. For the firm's expected $450 million in total recorded time for 2008, Bonovitz said that would mean about $18 million to $20 million in time spent on those matters.

The firm will only take large commercial cases with a minimum fee of $1 million. There must be a 75 percent probability of success as determined by the firm's attorneys and contingent fee committee, and an opportunity to get three times the firm's recorded time.