Late last month, K&L Gates chair Peter Kalis emailed the 1,852-lawyer firm’s partnership with some incredible financial news.
Thanks to a $750 million patent infringement settlement involving client Carnegie Mellon University, Kalis said the firm would receive a whopping $210 million contingency fee award. The windfall amounts to just $55 million less than K&L Gates’ entire net income in 2015, and it is bound to boost partner profits by a substantial margin this year.
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