Lodestar Rule

Lodestar Rule
In determining amount of statutorily authorized attorneys' fees, "lodestar" is equal to number of hours reasonably expended multiplied by prevailing hourly rate in community for similar work and is then adjusted to reflect other factors such as contingent nature of suit and quality of representation. Cooper Liquor, Inc. v. Adolph Coors Co., C.A.Tex., 684 F.2d 1087, 1092.
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Black's law dictionary. . 1990.

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