However, Next Few Months May Define What Actually Happens. We were somewhat surprised by the results of a Wells Fargo Private Bank’s legal specialty’s group survey of April-May 2020 data for 52 of the top grossing law firms and 20 midsized/regional law firms, which chartered some trends during the coronavirus pandemic. Overall, cash […]
Law Firms Have Been Hit Hard, Also. According to a May 18, 2020 post by Lyle Moran on the ABA Journal website, roughly 81% of law firms suffered a revenue drop during the pandemic, with 27% of the reporting firms in a recent survey by Martindale-Avvo stating that they had seen business decline by
Operators’ Attorney Said His Clients Will Appeal Summary Judgment Rulings To The Ninth Circuit. As reported by The Orange County Register in an April 15, 2020 online article entitled, “Winning streak for Costa Mesa as it battles sober living home lawsuits,” the City of Costa Mesa has obtained several favorable summary judgment rulings against
Philadelphia Surpasses California This Time, With California Number One In 2018-2019. The American Tort Reform Association (ATRA) has come out with its 2019-2020 “Judicial Hellholes” Report. California slipped from #1 to #2, but only because Philadelphia was rated as really bad by ATRA. Here is the listing of the worst venues for defendants
Receivable Collection Cycles With Clients Lengthened During The First Half Of 2019. In an August 21, 2019 article by Debra Cassens Weiss on ABA’s on-line journal, she reports on the results of a Citi Private Bank’s Law Firm Group’s survey of 191 U.S. firms, ranging from top-grossing to boutique firms. Although the polled
Fee Award Included A Positive 1.5 Multiplier For Plaintiffs’ Counsel. Gibson’s Bakery and its owners sued Ohio’s Oberlin College for libel/intentional infliction of emotional distress, winning a jury verdict of around $44 million (compensatory and punitive damages added together). Later, Lorain County Common Pleas Judge John Miraldi reduced the judgment to $25 million—Ohio’s largest
Hourly Billing Rate Still Prevails For Legal Work Referred By Corporations To Outside Counsel. The Association of Corporate Counsel and recruiting firm Major, Lindsey & Africa partnered up to release a 2019 Global Legal Department Benchmarking Report, which can be obtained freely through a Website search. It involved interview responses from 508 corporate law
Communication/Clarity At All Stages Pervade These “Rules.” We thank NALFA for summarizing an article by Todd C. Scott, Vice-President of Risk Management at Minnesota Lawyers Mutual, entitled “Nine Rules For Billing Ethically and Getting Paid on Time” (which came from an ABA website article). Here are the rules, to which
City Is Appealing The Merits Determination Of Voting Rights Violations; Plaintiffs’ Lead Counsel Estimates City Spent Between $13-20 Million On Defense Side. As reported by Jorge Casuso in “Voting Rights Attorneys Seek More Than $22 Million In Legal Costs” in an updated June 4, 2019 post in the Santa Monica Outlook, Plaintiffs’ attorneys are
Lawsuit Claims Insurer Only Paid 25% Of Total Fees. As reported in the May 8, 2019 edition of The Orange County Register, San Juan Capistrano has sued its insurer Tokio Marine Specialty Insurance Company to recoup $1.9 million in unpaid legal fees the City incurred in reaching a settlement respecting water contamination at the
