MO SB1413

Removes existing caps on contingency fees for private attorneys retained by the state, which previously limited fees to 15% of recoveries up to $10 million, with declining percentages for larger amounts, and an overall $10 million maximum fee cap

Eliminates restrictions that prohibited contingency fees from being based on fines or civil penalties, and required fees to be paid only from moneys actually received under judgments or settlements

Retains requirements that the attorney general must make written determinations that contingency fee representation is cost-effective and in the public interest before entering such contracts

Maintains government oversight requirements including that state attorneys retain complete control over litigation, veto power over outside counsel decisions, and exclusive authority over settlement decisions

Preserves transparency requirements including posting executed contracts on the attorney general's website within 5 business days and submitting annual reports to legislative leadership