That's exactly right - trial lawyers. In the end the 1.6 million defendants will likely end up with settlements along the lines of the percentage you gave.
class actions aren't about the amount of money to each individual plaintiff, they are about making a company STOP doing something or start doing something. it is not possible for individual plaintiffs to carry the cost of such litigations which would mean the wrong-doers keep doing whatever wrong is being done... or keep refusing to do whatever is needed to be done under the circumstances.
reality of the walmart case: if the facts are as stated (and at this point, they have to be accepted as true for any judicial determination) is that the company has a policy of discriminating against women in terms of career advancement and wages. given that wal-mart is the second largest employer in the country, after the federal government, this is no small number of affected people.
wal-mart's argument has been, essentially, that it is too big to be sued... that there are simply too many women for a class action to be appropriate. they say this because they know that if the class is de-certified, they can continue discriminating... same as in the ledbetter case. (hence my being pretty sure, and also based on kennedy's questions during oral argument, that this court will, in fact de-certify).
According to the plaintiffs managers at wal-mart said such things as (paraphrased but pretty close) "men need to support their families, so of course should make more money and have more advancement", and "G-d made Adam first, so women will always come second".
Any woman who thinks those things are ok is an idiot.
I think in your case, you just might want to reconsider. This idea that lawyers are horrible because they're mean to corporations and make them live up to their obligations is beyond me. Seriously...
everyone gets paid for their work. the right has zero, zip, zilch problem with corporate CEO's earning limitless amounts of money and sucking away funds that should be used to compensate workers fairly. but they are troubled when lawyers make money doing their jobs?
really?
what i kind of have to say to that is...
too bad.