So that's basically the deal with the Contractor. They owe us $20M. As I said, I think we have a really strong case but the other firm wanted to charge $2,000/hr with no total cost estimate. That risk is just too high!
I see where you are coming from. Well, I have a deal for you!
In-House Counsel
Law Firm No. 2
It sounds like you have a fairly strong case but you never know until you get to court. Our firm doesn't do your typical billing structure. We simply do 40% contingency. That is 40% of what you get out of litigation. If we settle out of court, we only need 35%.
CEO
CEO
In-House Counsel
Law Firm No. 1
Law Firm No. 1
Law Firm No. 2
Law Firm No. 1
CEO
40%! That could be $800K. That seems awfully high! Will you at least negotiate on that value?
No I'm sorry, I have been told by my managing partner, I am not to negotiate on that value.
CEO
In-House Counsel
Law Firm No. 1
Law Firm No. 2
CEO
CEO
We'll need to discuss this internally and get back to you.
CEO
I understand. This offer stands for 5 Business Days. Then it may be subject to change.
In-House Counsel
Law Firm No. 2
CEO
CEO
I thought this guy was supposed to be a buddy of yours...
In-House Counsel
In-House Counsel
CEO
There's no hope...
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