In his new article “The Shifting Landscape of Securities Class Action Fees” published in Law360, Senior Consultant Edward Flores examines the factors that drive attorney fees awarded in securities class actions and whether higher-than-expected settlements are reflected in attorney fees awarded. After analyzing attorney fees in securities class action cases with alleged violations of Rule 10b-5 involving common stock from January 2012 to June 2023, he finds that plaintiffs’ counsel appear to be rewarded for good settlement outcomes relative to a statistical prediction, with certain outcomes for the motion to dismiss and motion for class certification also affecting attorney fees awarded. Additionally, similar analyses may also be useful for purposes of estimating or cross-checking proposed fees given certain characteristics or outcomes in a case.