Businesses Turning to Trial Lawyers for Lawsuits
An article over at law.com looks at the number of businesses who are turning to plaintiff's lawyers to handle their business v. business litigation. There are a few reasons discussed for the trend of businesses turning to trial lawyers to handle their commercial litigation: contingency fees to reduce the company’s legal overhead, the unique skills and experience that trial lawyers develop, and the success stories that have come from businesses turning to the plaintiff’s bar. The article looks at a recent, high profile example in the $1.4 billion securities fraud victory by a plaintiff's lawyer against investment bank Morgan Stanley.
Jerold Solovy, chairman of Chicago-based Jenner & Block, recalls bringing Scarola on board. He said that calling on a personal injury litigator to handle a complex business matter didn't concern him. Instead, he saw Scarola's trial experience as an asset. "What you want is somebody who can try cases. Mr. Scarola knows how to try cases. That's why we picked him," Solovy said.
In our practice, we exclusively handle significant civil litigation matters - commercial litigation and plaintiff's personal injury suits. We have found that the two compliment each other well. Representing a plaintiff in a complex medical malpractice case requires the lawyer to understand the medicine, the facts, and a complicated legal regime. The attorney has to be able to debate the issue with the defendant and the defendant’s expert witnesses, who specialize in the field, in order to point out the holes in their opinions. And the lawyer has to break these complicated medical and legal issues down in a manner that a judge and jury can understand. Mastery of those skills translates exceptionally well into commercial litigation.
Does anyone have any legal cases or know where I can find cases against Morgan Stanley in TN for mishandling accounts? Thanks.