Not Exxon Mobil
am 01.07.2006 von Jurabilis
The New York Times editorial board criticized NYU Law School professor Burt Neuborne for the legal bill hes charged Holocaust survivors for helping them win a $1.25 billion settlement from Swiss banks accused of helping the Nazis steal Jewish property. The total bill was more than $4 million.
The dollar amounts are troubling, and so are the slipshod hourly records that Mr. Neuborne submitted.A group of angry Holocaust survivors are challenging his bill. Neuborne, who initially worked pro bono in winning the settlement, is charging for his current work of divvying up the proceeds at a big-firm rate of $700 per hour. Holocaust victims are not Exxon Mobil, says the Times, calling the rate unseemly. The Times also admonishes him for sloppy billing records in one instance, he billed 30.5 hours for one day of work, and 25 on another, …
Law Firms: The Shortest Hours
Jurabilis / This is a ranking of the shortest hours worked by midlevel associates. Associates at the #1 firm, Chapman and Cutler, averaged 49 hours worked (39.1 billed) per week. Associates at #161, Wachtell, Lipton, Rosen & Katz, worked on average 71.1 (an…
Billing 3200 Hours A Year
Jurabilis / Das WSJ Law Blog berichtete, dass ...[...] Eliot Spitzers wife, an Skadden Arps associate in the 1980s, routinely billed about 3,200 hours a year.Nun fragt man die Leser, ob ein solcher Wert realistisch erreichbar sei (das sind 8,7h/Kalendertag).…
Billing Ethics
Jurabilis / Dear Mr. Schaeffer: This is a question about billable hours. Recently, I switched law firms. At the old firm, we billed in 6-minute increments, meaning that if I worked for 8 minutes on a case, I was supposed to round up to 12 minutes. Since each…
ANWALT MÜSSTE MAN SEIN
LawBlog / Wie man als Anwalt den halben Tag Weblogs liest und trotzdem genug Stunden abrechnet: Dear Mr. Schaeffer: This is a question about billable hours. Recently, I switched law firms. At the old firm, we billed in 6-minute increments, meaning that if I wo…
Anwalt erhält drei Millionen aus Holocaust-Vergleich
Handakte WebLAWg / Neun Jahre nach seinem Abschluss macht der Milliarden-Vergleich mit den Schweizer Banken wegen des Holocausts nochmals Schlagzeilen. Nach mehrjährigem Streit mit Holocaust-Überlebenden sprach ein New Yorker Gericht dem führenden Klägeranwalt gege…
Blog einer Legal Secretary
Jurabilis / Die US-Blawg-Szene ist wirklich um Längen diversifizierter als die hiesige. In diesem Blog einer Legal Secretary kann man sich zum Beispiel aus erster Hand über den Out of the cubicle-Blick auf die Welt der Law Firms informieren:Thank you law firm…
Microsoft erzürnt über Gier
Jurabilis / Last year, Microsoft entered a proposed settlement, valued at up to $223.8 million, in an antitrust class action involving Microsoft alleging that the company overcharged for such products as Windows and Word. Microsoft did not admit wrongdoing,…
Kommt das Ende der billable hour bald?
Jurabilis / Charging by the houror in six-minute blockswas originally meant to improve transparency. The problem, says Hugh Totten, a member with Valorem (latin for value), a new Chicago-based law firm that offers clients contingency fees (payable o…
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