Legal Fees
-
Small Law Firms, Solo Practitioners
How To Deal With Clients Who Want You To Discount Your Fee
Only give discounts to clients who are willing to make concessions and do their part. -
Morning Docket
Morning Docket: 07.19.17
* Former National Security Adviser Michael Flynn is trying to raise funds to pay for his legal bills thanks to the numerous investigations into the Trump campaign’s possible collusion with Russia. His legal tab could range from hundreds of thousands of dollars to about $1 million. Someone, anyone, please tell this man to set up a GoFundMe account. [Bloomberg Politics]
* Earlier this week, Justice Neil Gorsuch, who was in favor of completely reinstating President Trump’s travel ban from six majority Muslim countries, regaled a group of newly naturalized citizens with his thoughts on the importance of tolerating different viewpoints during “polarizing” times, even if it’s difficult to do. We are living in very strange times. [Associated Press]
* The law school brain drain continues to wreak havoc, with a 45 percent drop in applicants with LSAT scores of 160 or above over the past six years. How in the world can law schools convince these people to apply? Eleven leaders offered their (painfully obvious) ideas, with many of them saying tuition costs must be lowered in light of the state of the weak job market. Gee, ya think? [Law.com]
* According to a study released by Yale Law School and the National Asian Pacific American Bar Association, Asian Americans may be the fastest growing minority population in the legal profession, but they seem to have hit a “legal glass ceiling” when it comes to attaining leadership positions in private practice, academia, and public service. We may have more on this. [Washington Post]
* “I hope to see you and your four children homeless. I will do whatever I can to assure this.” Martin Shkreli is such a peach. A letter the pharma bro allegedly sent to a former employee’s wife was entered into evidence earlier this week during testimony on the manipulation of Retrophin, one of the eight fraud charges Shkreli is currently facing at trial. [DealBook / New York Times]
- Sponsored
Navigating Financial Success by Avoiding Common Pitfalls and Maximizing Firm Performance
In this CLE-eligible webinar, we’ll explore the most common accounting pitfalls and how to avoid them for your firm. -
Litigators, Politics
State Accidentally Abolishes ‘American Rule’ For Attorneys’ Fees
Local elections matter.
-
Small Law Firms, Solo Practitioners
4 Common Excuses Potential Clients Use To Mooch Discounts From Attorneys
If solo practitioners want to stay in business, they must be able to separate the moochers from the genuinely needy. -
Money, Small Law Firms, Solo Practitioners
Lawyers Should Not Be Empathetic When It Comes To Collecting Fees
And three tips for when clients ask them to give you a break. -
Money, Technology
How Much Should You Charge Your Clients? Data Analytics Has The Answer!
Data analytics can help attorneys win new clients and make these clients profitable ones. -
Crime, Dan Markel, Deaths, Murder
The Dan Markel Case: Who Is Paying The Defendants' Legal Fees?
Hiring a criminal defense lawyer isn't cheap; who is footing the bills here? -
Morning Docket
Morning Docket: 09.29.16
* “The ballot-selfie prohibition is like ‘burn[ing down] the house to roast the pig.'” Just in time for Election 2016, the First Circuit has struck down New Hampshire’s ballot selfie ban as unconstitutional, citing the fact that it curtailed voters’ free speech, and on top of that, the state was unable to identify any complaints of vote buying or intimidation. [POLITICO]
* Suspended Alabama Supreme Court Chief Justice Roy Moore, who instructed probate judges to adhere to the state’s ban on same-sex marriage, even after the Supreme Court’s Obergefell ruling, says the ethics charges he faces are “ridiculous” since he never “encourage[d] anyone to defy a federal court or state court order.” [WSJ Law Blog]
* Wiley Rein lost two practice group leaders to DLA Piper this week. The firm, known for its media, telecom, government contracts, and IP practices, no longer has partners in charge of its telecom group or its wireless group, but it claims these departures were anticipated, and the practice groups were merged ahead of time. [Big Law Business]
* Cha-ching! The Caesars bankruptcy is ending, which means the “fee frenzy” for lawyers who were working on the case is about to dry up as well. Nine law firms have been involved in the case since the company first filed for bankruptcy in January 2015, and hundreds of millions of dollars of legal fees have already been assessed. [Am Law Daily]
* Many jurisdictions adopted the Uniform Bar Exam for the July 2016 administration of the bar exam, and it seems like it may have had the opposite effect on test-takers than what was intended. Graduates of this law school saw their bar exam passage rate drop by 13 percent since last year. We’ll have more on this later today. [Albequerque Journal]
- Sponsored
Is The Future Of Law Distributed? Lessons From The Tech Adoption Curve
The rise of remote work has dramatically reshaped the relationship between Lawyers and Law Firms, see how Scale LLP has taken the steps to get… -
Boutique Law Firms, Money, Small Law Firms
Beyond Biglaw: Bundles Of Fees
Columnist Gaston Kroub shares some thoughts on pricing, inspired by "fee bundling" in the travel industry. -
In-House Counsel, Layoffs
Nationwide Layoff Watch: Mass In-House Layoffs After Mega-Merger
How many in-house counsel are expected to lose their jobs? -
Small Law Firms, Solo Practitioners
Back In The Race: Why It Is A Bad Idea To Accept And Pay Referral Fees
Referral fees taint relationships between attorneys -- and collecting such fees isn't as simple as it seems. -
Small Law Firms, Solo Practitioners
Thinking Of Stiffing A Referring Attorney? Think Again.
Always pay your referral fees. Always. -
Small Law Firms, Solo Practitioners
Back In The Race: When A Potential Client Asks This One Question First, Be Careful
When the potential client asks this question first, before discussing anything else, you can assume a few things.
Sponsored
Generative AI In Legal Work — What’s Fact And What’s Fiction?
Navigating Financial Success by Avoiding Common Pitfalls and Maximizing Firm Performance
The Business Case For AI At Your Law Firm
Sponsored
Is The Future Of Law Distributed? Lessons From The Tech Adoption Curve
Legal AI: 3 Steps Law Firms Should Take Now
-
Boutique Law Firms, Small Law Firms, Television
Beyond Biglaw: Lessons From 'The Night Of' (Part 1)
What lawyers can learn about fee negotiation from the new HBO drama. -
Crime
Goldman Sachs Doesn’t Want To Pay *Its* Legal Fees, Either
Joseph Jiampietro knows what we’re talking about. -
Biglaw, Boutique Law Firms, Money
Legal Fee Voyeurism: Gawking At Gawker's Lawyer Bills
The embattled media company has hired high-priced talent to help it through its troubles. -
Money
Stats Of The Week: The Legal Costs Of Deflategate vs. Watergate
How do the legal costs associated with Deflategate and Watergate compare? -
Morning Docket
Morning Docket: 01.26.16
* Martin Shkreli’s hearing before the House Committee on Oversight and Government Reform has been rescheduled due to this weekend’s blizzard. This will give the reviled pharma bro even more time to brush up on constitutional law. [CBS News]
* Uh-oh! Thanks to some “cash flow issues” — like partners not being paid on time — King & Wood Mallesons is currently in the process of raising capital and will be conducting a review of its overall financial structure. [Big Law Business / Bloomberg]
* Cert denied! The justices of the Supreme Court may have bought these lawyers’ arguments and struck down a crucial part of the Voting Rights Act in the Shelby County case, but they’re certainly not buying their request for $2 million in legal fees. [Reuters]
* A hate crime without a resolution? Police are closing their investigation into the defacement of black professors’ portraits at Harvard Law without having found a perp. Maybe they decided to take Elie Mystal’s advice not to feed the trolls. [Boston.com]
* Florida State settled a lawsuit filed by Erica Kinsman, a former student who claimed Jameis Winston raped her, for $900K, but the school claims $700K of that amount will go to her legal team. Her lawyers, however, would politely beg to differ. [USA Today]
-
Morning Docket
Morning Docket: 12.23.15
* It’s the Miss Universe pageant lawsuit you’ve all been waiting for: attorneys at a Colombian law firm say they will be filing suit due to Miss Colombia’s crowning and de-crowning, noting “the crown is an acquired right that cannot be taken away from us.” [WGNO]
* The Federal Circuit handed down a major ruling yesterday, saying that the government can no longer bar the registration of offensive trademarks due to restrictions on free speech. This will likely be appealed to SCOTUS, but the Redskins must be pretty pumped. [Reuters]
* In an effort to avoid another Kim Davis fiasco (and to protect clerks’ religious beliefs), Kentucky Governor Matt Bevin has signed an executive order directing that his state prepare new marriage licenses without the names of county clerks. [Associated Press]
* Lil Wayne may be a “motherf**kin’ cash money millionaire,” but he reportedly can’t spare the cash to pay his attorneys’ fees. This marks the second time in recent months that he’s been sued for allegedly failing to pay his lawyers what they’re owed. [SPIN]
* Lakeisha Holloway, the woman accused of using her car to mow down and kill a pedestrian and injure many others on the Las Vegas Strip, has been charged with murder with a deadly weapon. She faces up to 20 years in prison if convicted. [NBC News]
-
Morning Docket
Morning Docket: 11.23.15
* Will it ever be easier to meet the challenge of proving you’ve got an undue hardship so you can discharge your law school student loan debts in bankruptcy? Your fate may rest in the hands of this indebted Florida Coastal Law grad and his petition for certiorari at the Supreme Court. [US Law Week Blog / Bloomberg]
* Hate crimes still happen, even at this prestigious law school: Amid increased racial turbulence on campus, the Harvard University Police Department is now investigating the defacing of black law professors’ portraits as a hate crime. [ABC News]
* UVA Law recently joined the minority of law schools that have women serving as dean. Pop your collars with pride, because legal historian Risa Goluboff will take over as the school’s first female dean this July. Congratulations! [Richmond Times-Dispatch]
* Gordon Rees has settled its lawsuit against Alex Rodriguez over the baseball player’s outstanding legal bills, totaling more than $380,000. The terms of the deal haven’t been disclosed, but we have a feeling that the firm hit it out of the park. [NBC New York]
* Try before you buy or a bid to increase tourism? Alaska is making bold moves now that it’s legalized marijuana for recreational use. It’ll be the first state to allow the social use of the drug “in public,” i.e., inside pot dispensaries that have yet to open. [Cannabist]