https://www.law.com/litigationdaily/2024/01/09/factoring-risk-into-fixed-fee-arrangements/
Credit: GajusAdobe StockCONVERSATION
We pick up on our conversation with J.Y. Miller and Joe Kilpatrick of Husch Blackwell about their fixed-fee approach as national coordinating counsel in mass torts cases to ask how they handle instances where there’s not much of a track record, or where trial is a possibility.
January 09, 2024 at 07:30 AM
9 minute read
Yesterday J.Y. Miller and Joe Kilpatrick of Husch Blackwell discussed with us how their firm’s move away from bonuses based on billable hours helped fuel the development of its Innovāt Alliance. The national toxic tort defense team with about 60 core members spread out around the country handles the majority of its assignments on a fixed-fee basis. While the model has been most often applied to cases with track records that are years long, such as asbestos litigation, Miller and Kilpatrick say what they’ve learned applies to cases where there are more unknowns and the possibility of a trial. This morning we dig into the portion of our conversation that dealt with how the firm accounts for risk in these assignments.
The following has been edited for length and clarity.
You Might Like
9 minute read
9 minute read
10 minute read
Trending Stories
-
Featured Firms
Law Offices of Gary Martin Hays & Associates
P.C.75 Ponce De Leon Ave NE Ste 101
Atlanta,
GA 30308(470) 294-1674
www.garymartinhays.com
Law Offices of Mark E. Salomone
2 Oliver St #608
Boston,
MA 02109(857) 444-6468
www.marksalomone.com
Smith & Hassler
1225 N Loop W #525
Houston,
TX 77008(713) 739-1250
www.smithandhassler.com
Presented by BigVoodoo
More From ALM
Premium Subscription
With this subscription you will receive unlimited access to high quality, online, on-demand premium content from well-respected faculty in the legal industry. This is perfect for attorneys licensed in multiple jurisdictions or for attorneys that have fulfilled their CLE requirement but need to access resourceful information for their practice areas.
View Now
Team Accounts
Our Team Account subscription service is for legal teams of four or more attorneys. Each attorney is granted unlimited access to high quality, on-demand premium content from well-respected faculty in the legal industry along with administrative access to easily manage CLE for the entire team.
View Now
Bundle Subscriptions
Gain access to some of the most knowledgeable and experienced attorneys with our 2 bundle options! Our Compliance bundles are curated by CLE Counselors and include current legal topics and challenges within the industry. Our second option allows you to build your bundle and strategically select the content that pertains to your needs. Both options are priced the same.
View Now
From Data to Decisions
Dynamically explore and compare data on law firms, companies, individual lawyers, and industry trends.
Exclusive Depth and Reach.
Law.com Compass includes access to our exclusive industry reports, combining the unmatched expertise of our analyst team with ALM’s deep bench of proprietary information to provide insights that can’t be found anywhere else.
Big Pictures and Fine Details
Law.com Compass delivers you the full scope of information, from the rankings of the Am Law 200 and NLJ 500 to intricate details and comparisons of firms’ financials, staffing, clients, news and events.
Legalweek New York 2024
January 29, 2024 – February 01, 2024
New York, NY
Legalweek New York explores Business and Regulatory Trends, Technology and Talent drivers impacting law firms.
Learn More
Litigation Associate
Connell Foley LLP is seeking a Litigation Associate with four (4) to seven (7) years of experience to assist our New York team. Option to wo…
Apply Now ›
