Featured Attorney: Gail Mosse
Gail's Facts: Tech transactions expert Gail Mosse has years of experience in the enterprise software, wireless and Internet spaces. Before joining Paragon in 2008, Gail worked in-house for Netflix, Intellisync Corporation and RealNames Corporation. A former litigator, Gail clerked for the U.S. District Court, Northern District of California, and received both her B.A. and J.D. from Stanford University.
Paragon Project: "Gail handles tech transactions for LinkedIn and Yahoo's mobile group where, she says, "I enjoy the great teams I am a part of and the cutting-edge aspects of these companies' deals, and continuing to learn about evolving Internet and mobile business models."
Why Paragon? "Paragon has introduced me to high-profile clients with interesting legal needs. Working as a contractor enables me to maintain a work-life balance."
What are you reading? "I just finished Blink by Malcolm Gladwell and I am now reading The Middle Place by Kelly Corrigan."
Blogs you follow? "I like http://www.iphonejd.com/."What's a hidden talent that you have? "I grew up in San Diego near many avocado groves and learned to make guacamole by the gallon."
Alternative Billing Goes Mainstream
Traditionally, both corporations and law firms have been resistant to alternative billing because if both sides are motivated by cost savings, one side is likely to be disappointed.
But today’s economic crisis is accelerating fundamental industry shifts that have otherwise been slow to develop.
Alternative billing is expected to represent an increasing proportion of total fees collected in 2009, according to a Law Firms in Transition survey by consulting firm Altman Weil.
In addition to virtual firms, like market leader Paragon, clients are demanding fixed fees, success fees (a bonus tied to a positive outcome or for meeting benchmarks), maximum or minimum fees, regional billing and no-first-year-associate bills.
For general counsels required by company management to decrease expenses, alternative billing provides both predictability and, some industry watchers say, an accurate – rather than inflated – value of legal services. Law firms are similarly drawn to the predictability of continuous incoming matters. The result is that outside lawyers are truly partnering with companies, rather than just representing them matter-by-matter.
For more information:
Paragon in the News
"Economic Pressure May Force Permanent Shift in Corporate Legal Costs"
"Fill-in-a-gap lawyers for legal departments"
50 California Street, Suite 1500 • San Francisco CA 94111 • 415-738-7870 • www.paragonlegal.com