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Is a success fee high risk?

Tom Fox | March 3, 2018

Imagine a company has a high-profile contract worth around $1 billion. Conversely, imagine there is an ongoing investigation that could cost a similar amount. Now, imagine as the company’s lawyer that you propose a ‘success fee’ of $75 million to make sure the company gets that contract “quickly,” or that the investigation is closed.

Does it matter how quickly you get the contract or how the investigation is closed, or is there another analysis to take into consideration?

These are some of the questions The Man From FCPA ponders, after it was reported that two U.S. lawyers had proposed a success fee in the amount of $75 million if they could get the Department of Justice to drop its investigation into the 1MDB “quickly.” These two lawyers were reported to be fundraisers “close to President Trump,” and they proposed to influence him to get... To get the full story, subscribe now.