1. Subscribe Now
  2. Follow Us
  3. Follow us on Facebook Follow us at Twitter Subscribe to our global feed
  4. |
  5. Advertise

DC Law Firm’s Partners Really Love Their BlackBerries

By Kim Eisler    Published Sunday, April 01, 2007

When Wiley Rein negotiated a $612-million patent-infringement settlement with Research in Motion, the maker of the BlackBerry, most trade papers put the take for the 270-lawyer firm at about $200 million.

Sources say that Wiley’s percentage take was above the usual one-third, and its recovery was well over $250 million. Either way, Wiley Rein has now dispensed the riches, which firm leader Dick Wiley has called a one-time, life-changing event for the firm he started in 1983.

The firm’s equity partners, who put up more than $20 million to fund the six-year litigation battle, will clear about $3 million each, depending on their status and time at the firm. In a display of law-firm generosity, Wiley Rein’s executive committee voted to share their money with every employee—all associates and nonlawyers. Secretaries and mailroom employees, according to sources, have been handed checks from $7,500 to $10,000 per person.

Biggest winner: Wiley patent guru James Wallace, who nurtured the case through the federal court system. Sources say Wallace got at least a double share, as did several members of his patent team. Wiley recalls that early in the litigation RIM offered a $17-million settlement, and “I begged him to take it.” The firm does not typically take contingency cases. The RIM case was the riskiest venture Wiley had ever approved at the firm.

Wallace didn’t go with Wiley’s advice to take the $17 million. Good thing for the firm. The final settlement came in at $612 million.

Our Valentine's Day Guide

Spending Valentine's Day with that special someone? Flying solo? Either way, here's our guide to make sure it's your best one yet. more

Killer App

Have a bunch of Silicon Valley geeks at Palantir Technologies figured out how to stop terrorists? more

Ask Harry and Louise: Does “My House, My Rules” Apply to Adults?

Our husband-and-wife advice team counsel a man wondering if it’s reasonable to expect his grown son to abide by the house rules. more

Sex—and Other Secrets

Iris Krasnow, the author of bestselling books on relationships, talks about what makes love last. more

A Conversation With Ivanka Trump About Winning the Old Post Office Bid

The Trump Organization says it’s committed to making the historic property the “finest hotel in the country, if not the world.” more


Click to download our new iPhone mobile app

 

Find A ...
Find A Restaurant







  1. Only show Delivery
    Only show Kid Friendly
    Only show Late Night
    Only show Party Space
    Only show Weekend Brunch
Find Events




Find A Happy Hour





  1. search_finda.gif
Find A Spa




  1. search_finda.gif
Find a Home





  1. search_finda.gif
  2. Powered by  
Find A Hotel


  1.   


  2. Reviewed by Washingtonian
  3. Kid Friendly     Valet Parking
    Handicap Accessible    

  4. Childcare
    WiFi
    Pet Friendly
    Bar/Lounge/Dining
    Airport Shuttle
    Salon/Spa
    Swimming Pool
    Fitness Room
    On-site Drycleaning
    Meeting Rooms
    Golf
    Tennis Courts
    Game Room
  5. search_finda.gif
Follow Us Follow us on Facebook Follow us at Twitter Subscribe to our global feed
Get the Magazine Washington Lives By

It's your source for dining, nightlife, news, health, shopping and more in Washington.

Subscribe to Washingtonian

Washingtonian Magazine provides the best insights on:

Subscribe today for only $29.95 for 12 issues.