Collectability, Deductibility, and Recoverability

chandelierIn Akin, Gump, Strauss, Hauer & Feld, L.L.P. v. National Development and Research Corp., et al., the Texas Supreme Court faces three issues that, if decided, could substantially affect how courts handle legal malpractice cases in Texas: collectability of underlying judgments, deduction of contingent fees from damages and recoverability of attorneys’ fees that were paid in the underlying suit.

The first issue the court could resolve concerns collectability…

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