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Eric A. Helland

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Open access Oct 2026

The Value of an Attorney: Collateral Source Rule Changes as an Invalid Instrument

The value of lawyers to their clients is notoriously difficult to estimate because of endogeneity. We utilize modifications to the collateral source (CS) rule that require reducing trial awards by the amount of payments from first‐party insurance as an instrument for hiring a lawyer. The problem with our instrument i...

Eric A. Helland, Jungmo Yoon · 0 citations

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