Legal Fees Run Wild?

From the NYPost:

Larry Silverstein has spent close to $100 million so far on the mammoth legal battle with his Twin Towers insurers - and has told officials he needs another $80 million a year to pay for lawyers and other expenses, according to court papers and other sources.

Silverstein and his Midtown law firm, Wachtell, Lipton, Rosen & Katz, refused to discuss details of his legal bills, but sources close to the developer estimated his litigation costs have run from $2 million to $4 million a month - and are likely to escalate as a trial approaches.

Look, I'm a lawyer. I handle complex commercial litigation representing corporations. I practice in New York so I'm familiar with the going rate for the billable hour. Yet, would someone please tell me what the hell these lawyers are doing that is worth $2 million to $4 million a month? It's just plain crazy. I'll have more to say about the billable hour, maybe later this week.

File under The Legal Profession.

11:49:26 PM    Go ahead, make my day  []  trackback []  

Wild Doings In Boston

I guess my weekend was pretty tame compared to this.

File under La Vida Loca.

11:42:21 PM    Go ahead, make my day  []  trackback []  

Are You Ready To Rumble?

After Collision, Course for Red Sox Is Bronx. With key performances from two of their stars, Pedro Martinez and Manny Ramirez, and a gutty save by Derek Lowe, the Red Sox moved on to face the Yankees. By Michael Arkush. [New York Times: Sports]

My prediction, the Yankees in 6. They'll face the Cubs in the World Series.

The collision between Boston center fielder Johnny Damon and left fielder Damian Jackson was the absolute worst I can remember. I wish Johnny a swift and full recovery.

Also, as a response to btezra's comment to Sunday's post, Bradshaw is the QB I'd want in a must win situation. I don't think he was the greatest quarterback ever, but he's the one I'd put my money on in the playoffs.

File under From The Sports Desk.

8:00:21 AM    Go ahead, make my day  []  trackback []