Richard J. Hughes Justice Complex in Trenton, New Jersey. Photo: Carmen Natale/ALM Out-of-State Referral-Fee Rule Change Is Wrong, State Bar Argues to NJ Justices
"It should not matter if I am paying a referral fee to a licensed New Jersey attorney or a licensed out-of-state attorney. It is a distinction without a difference," an American Board of Trial Advocates lawyer said.
October 23, 2024 at 10:19 AM
5 minute read
Legal Practice Management
Before the state Supreme Court Tuesday, a handful of bar association groups pushed back against a new referral fee rule that they say causes confusion among litigators and will disincentivize referrals going forward.
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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.
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