With much of the rest of the corporate legal market sputtering, has the bank tried to use its leverage to negotiate discounts with the major firms it is using?
Sure, this is all high-stakes stuff justifying hiring the best lawyers around. But there are multiple firms capable of giving Dimon and his team premium representation. Are any offering discounts to edge out the others? Are Dimon and his board pushing for some restraint on costs, or is the bank so besieged with multi-billion dollar claims that worrying about saving a few hundred million here or there is beside the point?
Who’s making these buying decisions at the bank, and does that person have a reputation for bargaining hard with lawyers?
Have any firms offered contingent fees based on how well they stave off the regulators or plaintiffs lawyers? Which single lawyer is billing JPMorgan the highest hourly rate?
Yes, this is hard information to get, but it’s not impossible. It just takes more work than the Times devoted to its overview.
3. Is Rupert Murdoch rooting against a Detroit-St. Louis World Series?
As Detroit and Boston in the American League and St. Louis and Los Angeles in the National League compete this week to get into the World Series, I wish someone would take data from prior ratings and ad sales pricing to tell us how much Rupert Murdoch and 21st Century Fox stand to gain or lose depending on the outcomes. Fox, which will broadcast the series, has to be rooting for Boston and LA to beat their smaller-market rivals (who also arguably have less enthusiastic fan bases nationally). But how much does the difference really matter in dollars and cents?
Nailing that story would yield a fun read, as well as an effective primer on the economics of sports broadcasting.