Approximately 2 percent of cases actually go to trial. Even then, after the jury comes back, or a judgement is entered, cases get resolved in a negotiated settlement much of the time. Considering what takes place in 98 percent of all cases, does resolution get the focus warranted? Whether it is outside counsel, in-house counsel or a specialized counsel, the role of “settlement counsel”—in many cases the point person for resolution—is critical in getting the result the client wants. In most...
Law firm Chief Marketing Officers (CMOs) are on the front line of client development, and thus have an unobstructed view of how the legal market for complex litigation is developing. As budget pressures continue to weigh on corporate general counsel, the need for law firms to adjust their pricing to secure new clients is clearly being felt – some firms are now hiring specialty personnel to focus solely on the question of proper pricing. CMOs are thus actively speaking the lingua franca of today’s...
Three prominent lawyers and a hedge-fund manager have launched a Chicago-based litigation financing company with $100 million in capital.
Forming Gerchen Keller Capital LLC, an investment firm focused on large-scale commercial litigation, are Adam Gerchen, Ashley Keller, Travis Lenkner and Terry Carlson.
Gerchen, the company's chief executive officer, was portfolio manager at hedge fund Alyeska Investment Group L.P. and an investment banker at Goldman, Sachs & Co. He earned his law degree...
It was a rare merger or acquisition deal in 2012 that escaped legal challenges from shareholders, according to a study released Thursday by Cornerstone Research, which specializes in analyzing financial issues in commercial litigation and regulatory proceedings.
Some 96 percent of M&A deals valued over $500 million and 93 percent of those valued over $100 million engendered suits, according to “Shareholder Litigation Involving Mergers and Acquisitions” [PDF].
The report was co-authored...