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Corporate Counsel

Attorneys for Ex-Twitter CLO Call Out Elon Musk in Billing Dispute

Lawyers for ex-Twitter CLO Vijaya Gadde blasted the platform and its new owner for failing "Although Twitter would like to pretend it is a party that dutifully pays its contractual obligations as they come due, it is in fact perpetually delinquent and is gaining a well-earned reputation for shirking its commitments,"
4 minute read

Daily Business Review

Carlton Fields CEO Gary Sasso Strives to Keep His Firm in the 'Sweet Spot'

Five hundred attorneys is large enough to handle the most sophisticated matters, but not so big that scale impairs relationships, he contends.
7 minute read

Corporate Counsel

'Patently Unreasonable': Twitter Blasts Vijaya Gadde's $1.1M Legal-Fee-Reimbursement Request

Twitter rapped its former legal chief for enlisting eight Sidley Austin professionals—five partners, two associates and a policy adviser—in connection with her one-day appearance before a House committee. "This is not a case of mere duplication of effort," its filing said. "This is a case of quadruplication of effort."
6 minute read

Law.com

New York's Napoli Firm Hit With $1M Sanction for 'Intentional Misconduct' in Fee-Sharing Lawsuit Brought by Baltimore Firm

According to U.S. Magistrate Judge A. David Copperthite's report and recommendation, he recommended the court award the plaintiffs $1.05 million—$437,819.54 in attorney fees and $613,053.44 in costs. Judge Julie R. Rubin followed that recommendation, according to an order in favor of Keyes filed July 11 in U.S. District Court for the District of Maryland.
5 minute read

Legaltech News

What Does a Contract Lawyer Look Like in 2023?

In-house legal teams are using technology to a greater extent, and are extracting greater value from it. As a result, there's been more of a demand for freelance lawyers to have greater experience and expertise in using legal technology and working in collaboration with IT professionals.
5 minute read

International Edition

'Rates are Getting Crazy': General Counsel Intensify Calls to Overhaul the Billable Hour

As charge-out rates rocket alongside inflation and interest rates, top in-house lawyers say that the need to revolutionise the billable hour model is more urgent than ever.
9 minute read

The American Lawyer

Wachtell's Billing Practices Brought to Light in Twitter Fee Lawsuit

The firm gets paid 60% to 80% of investment banks working on the same deals and two to three times its billable rate on "premium-billing" litigation matters, according to a court filing.
5 minute read

The American Lawyer

Twitter Lawsuit Alleges Wachtell Ran Up $90 Million Tab Before Musk Takeover

A complaint filed this week alleges Wachtell added a $71 million success fee to accrued hourly billables, which lame-duck in-house counsel approved against Musk's orders.
3 minute read

Law.com

The Way Big Law Reacts to Economic Cycles Is Unrealistic, Unhealthy and Inhumane

The problem isn't that economies are cyclical, that's a fact of life. The problem here is that Big Law can sometimes have unrealistic reactions to both upturns and downturns. If this happens, it's not in the interests of their own attorneys or their clients. It's inhumane and unhealthy.
4 minute read

Texas Lawyer

New Ruling Could Curb Defense Lawyers' Use of Anti-SLAPP Provisions

The decision could affect multiple mass-tort disputes and fee fights, including litigation involving the Houston Astros and attorney fees in lawsuits over Paxil medication.
6 minute read

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