2022.03.04-3%20Exhibit%202.pdf
68.2 KB
Extraction Summary
7
People
19
Organizations
3
Locations
0
Events
2
Relationships
6
Quotes
Document Information
Type:
Court exhibit (news article)
File Size:
68.2 KB
Summary
This document is 'Exhibit 2' filed in the Superior Court of the Virgin Islands on March 4, 2022, in case ST-2021-RV-00005. The content is a Wall Street Journal article from February 9, 2016, titled 'Legal Fees Cross New Mark: $1,500 an Hour'. The article discusses the rising billing rates of top corporate lawyers in the US, citing specific firms like DLA Piper, Proskauer Rose, and Kirkland & Ellis. It serves as evidence of market rates for legal services, likely submitted to support a fee application in the associated court case.
People (7)
| Name | Role | Context |
|---|---|---|
| Sara Randazzo | Author |
Co-author of the Wall Street Journal article.
|
| Jacqueline Palank | Author |
Co-author of the Wall Street Journal article.
|
| John Altorelli | Finance Lawyer |
Lawyer at DLA Piper LLP quoted regarding billing rates; mentions his rate is over $1,500/hr.
|
| Jeff Carr | Former General Counsel |
Former GC of FMC Technologies, quoted criticizing rising rates.
|
| Bruce MacEwen | Legal Consultant |
Quoted comparing top lawyers to celebrities/sports stars.
|
| Ward Bower | Legal Consultant |
Consultant at Altman Weil, discusses rate increases to offset discounts.
|
| Tamara Charles | Clerk of the Court |
Clerk of the Superior Court of the Virgin Islands who filed the document.
|
Organizations (19)
Locations (3)
| Location | Context |
|---|---|
Relationships (2)
finance lawyer at DLA Piper LLP
his former law firm, Dewey & LeBoeuf LLP
Key Quotes (6)
"The day of the $1,500-an-hour lawyer has arrived."Source
2022.03.04-3%20Exhibit%202.pdf
Quote #1
"We just raise them every year."Source
2022.03.04-3%20Exhibit%202.pdf
Quote #2
"Using hourly rates is really anachronistic, but we still do it."Source
2022.03.04-3%20Exhibit%202.pdf
Quote #3
"If you think of the rules of supply and demand, how in the world can they keep raising their rates?"Source
2022.03.04-3%20Exhibit%202.pdf
Quote #4
"Lots of law firms will charge whatever the market can bear."Source
2022.03.04-3%20Exhibit%202.pdf
Quote #5
"You have a very few people at the very top where price is almost no object... It is a talent market."Source
2022.03.04-3%20Exhibit%202.pdf
Quote #6
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