Gibson Dunn must pay $725K in attorney fees to an ex-partner who earned $60M
Law Firms
With attorney fees, Gibson Dunn must pay over $725K to ex-partner who had earned $60M
September 19, 2024, 9:57 am CDT
Gibson, Dunn & Crutcher has agreed to pay a former partner more than $140,000 in attorney fees unless the amount is overturned in an appeal of his much higher arbitration award. (Photo from Shutterstock)
Gibson, Dunn & Crutcher has agreed to pay a former partner more than $140,000 in attorney fees unless the amount is overturned in an appeal of his much higher arbitration award.
Former partner Mark A. Perry, who left Gibson Dunn to co-chair the appellate practice at Weil, Gotshal & Manges, has been awarded more than $725,000 in all: $557,371 in retirement benefits, $27,502 in interest and $140,678 in attorney fees.
Law360 and Reuters have coverage of the Sept. 13 order by Judge Kevin C. Brazile of Los Angeles, which granted attorney fees based on the parties’ stipulation.
Perry left Gibson Dunn in 2022 after spending nearly 28 years at the law firm.
The fee award follows an arbitrator’s determination that Perry was entitled to retirement payments when he stops competing with Gibson Dunn. The firm claimed that Perry was not entitled to retirement benefits because he resigned rather than retired. He ruled in favor of the firm on a motion to seal parts of the partnership agreement as well as other sensitive information. Brazile said that there was no reason to seal “supposed private’ information about Perry,” such as his career earnings. Brazile also said that Perry had a “lucrative 401(k).” Law360 reports that Gibson Dunn has filed a notice of appeal.
