$200M Payday for D.C. Firm
Both Future Lawyer and my blog note that there are a lot of smiling faces these days at the Washington, D.C., law firm Wiley Rein & Fielding. As Legal Times first reported last week, the firm received a $200 million contingency fee for its work representing NTP Inc. in its four-year patent dispute against BlackBerry maker Research In Motion. The payout is nearly a third of the entire $612.5 million settlement and $60 million more than the firm's total 2004 revenue of $140 million.
News media both in the U.S. and the U.K. have picked up on this story. U.K. newspaper The Lawyer described the atmosphere at the firm this way:
"Visitors to Wiley Rein & Fielding's office in Washington DC would be forgiven for thinking they had stepped into a sweet shop in Walt Disney World. 'Life's just one big party here,' says IP partner James Wallace. 'There are a lot of smiling faces.'"
Adds Future Lawyer's Rick Georges: "Now, if I can figure out a way to write this blog on contingency ... Wait, I already am."
Posted by Robert J. Ambrogi on March 30, 2006 at 10:33 AM | Permalink
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