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The Contingency Contingent: Big Firms Explore Alternative Billing in IP Cases
While Houston-based Baker Botts is still a mainstream, "hourly billing is king" operation, the firm has shown a taste for alternative fee arrangements. Its intellectual property group has been particularly ambitious, embracing a series of contingent-fee assignments over the past seven years.Are Big Firms Warming Up to Alternative Fee Deals?
With hourly rates continuing to skyrocket at big firms, clients are pushing alternative fees as a way to control costs -- and law firms say they are listening. While the billable hour is still the most common calculation, fixed fees for larger work volumes or success-based arrangements are getting more attention, firms say. Yet one industry insider says alternative fees are like teenage sex. "There are more people talking about it than doing it, and those that are doing it don't know what they're doing."Rare Patent Injunction Praised on Appeal as 'Exemplary'
A federal appeals court ruling upholding a relatively rare permanent patent injunction offered guidance about how such injunctions can withstand judicial review.Ineligible In-House Counsel, Multijurisdictional Practitioners and Pro Hac Vice Attorneys
Notice to the bar.Patents on Web may cut lawsuits
INTELLECTUAL PROPERTY LAWYERS are praising a recent decision by IBM Corp. to publish its patents on the Web as an important first step in reforming the patent process and reducing litigation. IBM, which has collected the most U.S. patents in recent years and earns $1 billion annually from intellectual property, plans to make all of its patent applications public on the U.Patent litigation surged to all-time high in 2011
The number of patent infringement filings shot up by 22 percent during 2011 compared with the year before, reaching the highest level ever recorded, according to a study by PricewaterhouseCoopers.The Am Law Second Hundred-2008: The Law Firm Investor's Guide
If law firms issued stock, would their investors be retiring rich? Our growth and blue-chip indexes have the answer.Trending Stories
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