Your following statement; 

"Actual expenses will MOST DEFINITELY include a high hourly rate. Then they will take 40% of the remainder.". 

IS WRONG,WRONG,WRONG...

Re-read the PR that was posted this A.M. on what is meant by "CONTINGENCY FEE AGREEMENT" IN EFFECT BETWEEN DM AND EDIG...

1) There is NO HOURLY BILLING involved.

2) DM fronts the actual costs of filing suit, discovery, and what it takes to get some results for EDIG...

3) From the funds generated by DM actions, the costs are deducted, and the remaining balance goes 60% to EDIG and 40% to DM...

If there are no funds generated, DM gets Nothing, Zilch, Nada. Plus they have to eat whatever costs they have fronted...

The last item is the MOST ASIGNIFICANT PART OF THE AGREEMENT. It means if DM fails to PRODUCE, they get nothing period.

THERE IS NO HOURLY BILLING IN CONTINGENCY FEE AGREEMENTS...

Ordinarily, in high exposure cases, such as multi-party litigation which may last several years, the COSTS are fronted by attorney, but they are made the responsibility of the client...

EDIG-DM retainer is a true contingency fee agreement, with the costs fronted by attorney but collected from the front end of any recovetry, before dividing the remainder between the attorney and client...

Such agreements are sparse, and ususally indicate that the attorney is certain there shall be recovery of some sort in the case. At least enough to keep the law firm from "EATING" the costs fronted in the case...

GLTA...

Gil...