Law Firms' Focus on Collections Pays Off: The Morning Minute
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December 16, 2021 at 06:00 AM
5 minute read
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WHAT WE'RE WATCHING
PAYING OFF - What if I told you that dollar figure you put on your client invoices could become… real money? As Law.com's Andrew Maloney reports, the just-released 2022 Citi Hildebrandt Client Advisory shows that law firms' focus on billing and collections, which increased in 2020 with the onset of COVID-19, helped boost inventory by 12.4% throughout the Am Law 200 this year. As a result, it's likely to remain an emphasis for lawyers going forward. Brad Hildebrandt, founder of Hildebrandt Consulting and a co-author of the client advisory report, said firms have always aspired to improve billing hygiene, but the rise of remote work probably helped them accomplish that goal, as lawyers and employees more broadly may have been more intentional about recording time while away from the office. "I think that's probably going to continue," Hildebrandt said.
MIDSIZE MEGAMATTER MARAUDERS - While Big Law's busy underestimating the threat of their small and midsize competitors, those firms are apparently busy stealing significant work. That's according to a new report from Wolters Kluwer's LegalView Insights. After analyzing $150 billion in law firm invoices from the company's e-billing tools, spanning 2015 to 2020, director of legal operations and industry insights Nathan Cemenska found that nearly 28% of "megamatters"—those matters that generate more than $1 million in legal spend—went to small and midsize law firms, Law.com's Dan Roe reports. By comparison, 59% of megamatters went to the Am Law 100, with the 20 top firms taking 27% of megamatters. The Am Law Second Hundred took just 6% of megamatters, while U.K.-based Big Law firms took 3.7% and alternative legal service providers took 2.2%.For Cemenska, who formerly worked on legal operations in corporate legal departments, megamatters represent the biggest opportunities for client cost savings. "There's this narrative that small- and medium-sized law firms are fine to use on small matters, but you can't have them do anything serious because they're going to mess it up," Cemenska said in an interview. "If that were true, how come 28% of spending over $1 million is going to small and midsize law firms outside the Am Law 200?"
CELL SERVICE - Davis Wright Tremaine filed a lawsuit Wednesday in District of Columbia District Court challenging a subpoena issued by the U.S. House Select Committee to Investigate the January 6th Attack on the United States Capitol. The complaint was brought on behalf of photojournalist Amy Harris, who challenges the constitutionality of a subpoena instructing Verizon to produce all records associated with her cell phone number from November 1, 2020 to January 31, 2021. During this three-month period, Harris contends that she was engaged in a project that documents the extremist group the Proud Boys, and used her private phone to contact sources. The case is 1:21-cv-03290, Haris v. U.S. House Select Committee to Investigate The January 6th Attack on the United States Capitol et al. Stay up on the latest deals and litigation with the new Law.com Radar.
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Who Got The Work
Michael G. Bongiorno, Andrew Scott Dulberg and Elizabeth E. Driscoll from Wilmer Cutler Pickering Hale and Dorr have stepped in to represent Symbotic Inc., an A.I.-enabled technology platform that focuses on increasing supply chain efficiency, and other defendants in a pending shareholder derivative lawsuit. The case, filed Oct. 2 in Massachusetts District Court by the Brown Law Firm on behalf of Stephen Austen, accuses certain officers and directors of misleading investors in regard to Symbotic's potential for margin growth by failing to disclose that the company was not equipped to timely deploy its systems or manage expenses through project delays. The case, assigned to U.S. District Judge Nathaniel M. Gorton, is 1:24-cv-12522, Austen v. Cohen et al.
Who Got The Work
Edmund Polubinski and Marie Killmond of Davis Polk & Wardwell have entered appearances for data platform software development company MongoDB and other defendants in a pending shareholder derivative lawsuit. The action, filed Oct. 7 in New York Southern District Court by the Brown Law Firm, accuses the company's directors and/or officers of falsely expressing confidence in the company’s restructuring of its sales incentive plan and downplaying the severity of decreases in its upfront commitments. The case is 1:24-cv-07594, Roy v. Ittycheria et al.
Who Got The Work
Amy O. Bruchs and Kurt F. Ellison of Michael Best & Friedrich have entered appearances for Epic Systems Corp. in a pending employment discrimination lawsuit. The suit was filed Sept. 7 in Wisconsin Western District Court by Levine Eisberner LLC and Siri & Glimstad on behalf of a project manager who claims that he was wrongfully terminated after applying for a religious exemption to the defendant's COVID-19 vaccine mandate. The case, assigned to U.S. Magistrate Judge Anita Marie Boor, is 3:24-cv-00630, Secker, Nathan v. Epic Systems Corporation.
Who Got The Work
David X. Sullivan, Thomas J. Finn and Gregory A. Hall from McCarter & English have entered appearances for Sunrun Installation Services in a pending civil rights lawsuit. The complaint was filed Sept. 4 in Connecticut District Court by attorney Robert M. Berke on behalf of former employee George Edward Steins, who was arrested and charged with employing an unregistered home improvement salesperson. The complaint alleges that had Sunrun informed the Connecticut Department of Consumer Protection that the plaintiff's employment had ended in 2017 and that he no longer held Sunrun's home improvement contractor license, he would not have been hit with charges, which were dismissed in May 2024. The case, assigned to U.S. District Judge Jeffrey A. Meyer, is 3:24-cv-01423, Steins v. Sunrun, Inc. et al.
Who Got The Work
Greenberg Traurig shareholder Joshua L. Raskin has entered an appearance for boohoo.com UK Ltd. in a pending patent infringement lawsuit. The suit, filed Sept. 3 in Texas Eastern District Court by Rozier Hardt McDonough on behalf of Alto Dynamics, asserts five patents related to an online shopping platform. The case, assigned to U.S. District Judge Rodney Gilstrap, is 2:24-cv-00719, Alto Dynamics, LLC v. boohoo.com UK Limited.
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