HOLD THOSE HIKES – So that you run a big legislation agency and your purchasers are already mad at you for signaling coming price will increase this yr. Think about how cheesed off they’re going to be once you really undergo with that plan. However what should you might inform your purchasers you have been simply joshin’ about that entire “astronomical price hikes” factor—and nonetheless make your cash? Oh, and what should you might do all that with out laying anybody off? Properly, no less than in accordance with one research, which may really be attainable. The authors of the Leopard State of the Business Report, revealed this week, mentioned legislation corporations ought to “hit pause” on price will increase and maintain on to transactional associates regardless of the present slowdown in demand. Phil Flora, vice chairman of gross sales and advertising for Leopard, told Law.com’s Andrew Maloney that the success of midsize corporations—which have discovered “a rise in work and extra stickiness” by being versatile with purchasers—is one more reason the Am Regulation 200 might wish to think about the technique.
GOING NUCLEAR – New York is a number one goal for “nuclear” verdicts of $10 million or higher, in accordance with a brand new report issued Wednesday. And, as Law.com’s Brian Lee reports, the analysis additionally means that we might quickly enter an period of “thermonuclear” verdicts in extra of $100 million. The 83-page report by unbiased communications and analysis agency Marathon Methods discovered that New York state and federal courts have issued verdicts towards firms that totaled greater than $3.9 billion for the reason that Nice Recession. So… what to make of all this? “As a litigator who routinely represents each plaintiffs and defendants,” mentioned Jed Bergman, a associate in Glenn, Agre, Bergman & Fuentes in New York Metropolis, “Marathon’s report is a useful contribution to our understanding of growing developments in massive verdicts throughout the nation.”
