Whirlpool's fee arrangement with Warner Norcross is the latest example of flat-fee arrangements between law firms and corporations. Such relationships are often tied to convergence, or the consolidation of outside law firms. They can also be a prime opportunity for small to midsize law firms to collect work from marquee-level clients. "If we can give them predictability and learn to live with an appropriate set of incentives, they're happy and we're happy," said Jay Cragwall, a Warner Norcross litigator.
November 15, 2007 at 12:00 AM
1 minute read
Whirlpool Corp. faces myriad business risks and uncertainties in its $18 billion global appliance business, but its legal bills from midsize Michigan law firm Warner Norcross & Judd aren’t one of those unknown variables.
That’s because Whirlpool tapped Warner Norcross as its North American business litigation firm this fall, with plans of setting up flat-fee billing for court fights and related tasks such as creating bulletproof contracts for Whirlpool.
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