Mark Lipowicz persuaded senior partners at Philadelphia's Duane, Morris & Heckscher to join the stampede of state tobacco cases, as co-counsel to the state of Pennsylvania, on contingency. The assignment was atypical for Duane, Morris, a general practice firm that had grown up on the backs of local banks, manufacturers, and insurers. In the end, Duane, Morris didn't have to bet the ranch. As part of the $206 billion tobacco settlement announced last year, the firm will pocket $25 million.
June 01, 1999 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
Mark Lipowicz was attending a seminar in Chicago last year when he heard news that made his heart sink. The state of Texas had just settled its suit against the tobacco industry, and a member of the state’s trial team was regaling the crowd with estimates of the plaintiffs’ investment in the case. Lipowicz vaguely remembers what he heard–somewhere around $40 million–but he clearly remembers his reaction.
Oh, Jesus, he thought. What had he gotten himself into?
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