[ExI] stock sales on legal cases

William Flynn Wallace foozler83 at gmail.com
Mon Mar 11 16:38:23 UTC 2019


I found something!  Sharksavers.org

bill w

On Mon, Mar 11, 2019 at 10:58 AM <spike at rainier66.com> wrote:

>
>
> I am not a lawyer, but our Big Rip discussion has me thinking overtime in
> overdrive.
>
>
>
> If one hangs out on Quora or any of the other social commentary sites, one
> can get a good amateur-level education in anything, including law, with
> commentary by lawyers offered free.
>
>
>
> Although I didn’t see anyone suggest it, an idea occurred to me.  A case
> comes up where a big rich cherry-red lawsuit target does something to harm
> a penniless nobody, perhaps a news agency singling out a child with a
> questionable story.  Now a lawyer agrees to represent the child in a
> lawsuit for a contingency, nothing if he gets nothing, a third of the take
> if he wins (I think that is a common standard today.)
>
>
>
> OK then.
>
>
>
> Suppose a case is being watched by a lot of people.  The lawyer who takes
> the case is gambling: he still has to pay his people.  But we can think of
> a payoff matrix: the lawyer might make yakkity yak dollars in such and such
> years from now, or bla bla dollars in urka urk years from now, etc.  Create
> a payoff matrix, cross product with time to payoff matrix, get a present
> worth vector which can be (in an engineering sense) reduced to a scalar.
> We can (kinda sorta) claim that a client this lawyer just took on is
> “worth” (in a sense) a specific number of present-day dollars, based on
> one’s estimated payout and time matrices.  Ja?
>
>
>
> OK, the law firm might go broke before the case is adjudicated, so if we
> have a law firm with a (scalar) net worth of say 30 million bucks but has
> no income (because the 30 million figure is predicated on his entire firm
> working that case) and a 2 million a year payroll, then the probability of
> that firm going under before it gets its potential pay is considerable.
>
>
>
> What if… there was a way (or perhaps there already is a way) to buy the
> equivalent of stock in a law firm?  Investors can keep the firm afloat and
> keep its staff paid while they work on the case.  That would create a money
> equivalent to the breezy verbiage on Quora where people are guessing at the
> value of a civil case.
>
>
>
> Law hipsters among us please: can a person buy stock in a law firm?
>
>
>
> spike
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