Dickstein Contingent-Fee Payout Could Be $600K Per Partner

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Dickstein Contingent-Fee Payout Could Be $600K Per Partner

Posted May 20, 2008, 06:08 pm CDT
By Martha Neil

It's a good time to be a partner at Dickstein Shapiro, an article in this month's Washingtonian magazine notes.

Under a partial contingent-fee arrangement in a patent case, each of the firm's 150 partners can expect an average payout of $600,000, if a $501 million Texas federal jury award (apparently including interest) against Boston Scientific Corp. is upheld on appeal, writes the magazine's Capital Comment blog. The case concerns a patent on heart-stent coatings.

The firm, which has been a national corporate firm trendsetter as far as contingent fees are concerned, also stands to win big if a $4 billion Exxon Valdez penalty is upheld by the U.S. Supreme Court, the blog says.

"And if that weren’t enough, poker-playing partner Ken Adams, who sits on the board of the World Poker Association, won $46,000 in two sanctioned poker events in April, a sum that he plans to share with his ever-wealthier partner investors," the post continues. "Of course, by now, that’s just soda-and-chips money at Dickstein."

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