Which of the Following Is True of Compensation for Lawyers

question 32

Multiple Choice

Which of the following is true of compensation for lawyers involved in class action suits?

• A) Lawyers for the corporations being sued can deduct their fees from any award made to the plaintiffs.
• B) Public interest firms can only recover their fees if authorized by Congress.
• C) Public interest firms can cover their fees by using them as tax deductions.
• D) Lawyers for corporations must typically sue plaintiffs to recover their fees.
• E) Both public interest and corporate lawyers are compensated by public monies.

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Definitions:

Operating

The act of conducting business or maintaining functions within an organization or system.

Corporate Hierarchy

The arrangement of individuals within a corporation according to power, status, and job function, often visualized as a pyramid with the highest-ranking officer at the top.

CEOs

Chief Executive Officers, the highest-ranking individuals in a company, responsible for making major corporate decisions, managing operations, and communicating with the board of directors.

United States

A federal republic in North America comprising 50 states, a federal district, and various territories, known for its large economy and influential role in global affairs.