Sec. 74.507.  AWARD OF ATTORNEY'S FEES.  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.
Added by Acts 2003, 78th Leg., ch. 204, Sec. 10.01, eff. Sept. 1, 2003.