Re: Duane Morris Increases Revenue 5 Percent, PPP 4 Percent
in response to
by
posted on
Apr 14, 2010 12:52PM
"Although Chairman John J. Soroko said contingency fees were secondary to billable hour improvement, he said the fees contributed between $15 million and $20 million to the top line."
This is the part that interests me. I would assume contingency fees would include royalty payments, and building a nice revenue stream from all their contingency fee arrangements (like EDIG) is a nice area for steady growth in this part of the business model. A one time settlement for past infringement, then a base of income client by client, settlement by settlement, is future money cranked into the budget. The more that comes in from royalty deals, the more contingency cases they can take on as an "INVESTMENT."
Does anyone else see the incentive for DM to negotiate as many royalty deals as they can for ALL contingency clients?
Seems to have an opportunity for exponential revenues.
Just a thought.