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November 02, 2009

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Law Student

Another great report

"Well-known former federal judge Robert Parker of Parker, Bunt & Ainsworth of Tyler, Texas, served as local counsel in the case. Parker had a 5 percent contingency stake in the matter, which netted him roughly $1.25 million."

How exactly does this ED TEXAS local counsel scheme work? Who gets most of this local counsel business?

Mr. Mullen- thanks for the blog. As a law student interested in IP law, this blog is fascinating!

twitter.com/IPStrategist

Joe, thanks so much for continuing to dig up this information. It greatly helps those of us who seek to pull the curtain back to reveal that patent litigation is not a viable business model for most startup companies.

Armchair Economist

>How exactly does this ED TEXAS local counsel scheme work? Who gets most of this local counsel business?

Seems like 1.25m could be better put to use toward a one time clarification of any local custom/rule inherent ambiguities in order to obviate the need for local counsel.

It seems probable that carefully crafted arguments against this reasoning exist.

www.facebook.com/profile.php?id=513762461

Interesting case. The lawyers made more money than the "innovators." Now I know why it was the lawyers who were arguing for bringing software patents in India. So much moolah is absolutely irresistible!

Tanya Thomas

Thanks so much for bringing these issues to the Internet.
It certainly gets complicated with a patent suit win re: DeepNines. Everybody seems to have their hand out.

Gena777

This case makes it clear that patent litigation has, indeed, become big business and (for major players, at least) potentially a lucrative investment. Maybe suits such as this one will cause more companies to give more consideration to IP and how it fits into their business plans.
http://www.GeneralPatent.com

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