Empirical studies show that company size (measured by assets), case duration (measured in days), and the number of parties involved in the proceedings (measured in terms of the numbers of professional firms working) explain most of the case-to-case variation in professional fees.

Question

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Empirical studies have shown that company size, case duration, and the number of parties involved are significant factors in explaining the variation in professional fees in legal proceedings.

Empirical Studies Show That Company Size (Measured by Assets), Case