Texas Civil Practice and Remedies Code

§ 74.507 — AWARD OF ATTORNEY'S FEES

CP § 74.507Title 4. LIABILITY IN TORT · Ch. 74. MEDICAL LIABILITY · Art. K. PAYMENT FOR FUTURE LOSSES

Statute text

For purposes of computing the award of attorney's fees when the claimant is awarded a recovery that will be paid in periodic payments, the court shall:

(1)place a total value on the payments based on the claimant's projected life expectancy; and

(2)reduce the amount in Subdivision (1) to present value.

Legislative history

Added by Acts 2003, 78th Leg., ch. 204, Sec. 10.01, eff. Sept. 1, 2003.