Jack and the Giant. Udo J. Keppler, artist. 1907. Library of Congress. We give a “hat tip” to the Attorneys Fees Blog of the National Association of Legal Fee Analysis (NALFA) for sharing with us its top 5 attorney’s fees cases for 2012, which go this way: 1. $305 million — Southern […]
Debra Cassens Weiss, in two posts of December 17, 2012 in the ABA Journal, shares two interesting year end developments. First, The National Law Journal year-end survey is out and shows that $1,285/hour is the highest billing rate for a real estate investment trust partner in a Dallas firm. The lowest rate
Jones Day Suing Vizio Inc. in Washington Federal Court Over $6.7 Million Receivable. If you think you are having receivable problems, Jones Day has a big one to contend with. As reported by Zoe Tillman on December 4, 2012 at The Blog of Legal Times, JD is suing former client Vizio Inc. in
In a November 28, 2012 post by Michael Roster in the ABA Journal, he suggests that the traditional formula for law firm profitability — profit per partner = margin x rate x utlization x leverage — needs revamping. Instead, we share the new formula he proposes. “A profitability model might start with
As reported by Kera Abraham in a November 23, 2012 post on the Monterey County Weekly, “If lawyers are sharks, then Marina Coast Water District is one fearless surfer.” Hawaii surfer. Charles William Bartlett, artist. 1918. Library of Congress. The District has hired eight outside firms and rotated through
Fannie Mae recently issued a new set of fee ceilings, by state, for attorneys handling nonjudicial and judicial foreclosures of whole mortgages, pooled loans, and mortgage-backed securities tied to Fannie Mae. The guidelines are by jurisdiction, with California breaking down this way: nonjudicial — $1,000 (both attorney’s fees and notary fees included); judicial
Thank You ABA Journal And Thank You Dear Readers! Mike and Marc are proud to announce that California Attorney’s Fees has been awarded a spot in the ABA Journal's Blawg 100, the 6th annual list of the best in blogs about lawyers and the law. We received news of this on
Debra Cassens Weiss, in her November 19, 2012 post in the ABA Journal, reports that a survey of 115 law firms (mainly large ones) show two trends: (1) for this year, partner billable hours have dropped from 2011; and (2) for the first quarter of 2013, 15% of surveyed firms will be cutting
Well, we are approaching the end of the year, and that means some snippets from newspaper articles saved by co-contributor Mike’s father-in-law Tom Basehart. Here you go. Brutal Law Grad Market. A Wall Street Journal analysis earlier this year found that members of the 2011 law school class had little better than
A couple of recent surveys have confirmed, that in these cost savings days fueled even more by the lingering recession, many more law firms and lawyers are absorbing online research costs as overhead rather than passing them onto clients for payment. Mattern & Associates’ 2012 Cost Recovery survey reported that clients increasingly
