In India, where regulatory and courtroom actions continue between Reliance, Future Retail, and Amazon, hourly billing rates at large firm average usd $300 with a very senior lawyer billing usd$1000. This is viewed almost as a bargain with top-tier US law firms billing usd$700-3000 hourly. As a simple BOTE (Back of the Envelope) metric a regulatory or court filing requires at least 1 hour per page in a submission. With published reports of filings in the Future/Amazon conflict ranging from 160 to 6000 pages (Future) and replies of 816 pages (Amazon), it can be seen that per document (and reply) costs become enormous quickly in proceedings that are notoriously time consuming.
The battle continues as Amazon countersues again - See the latest here.
Legal and regulatory costs are also large for intellectual property defense, trade disputes, and foreign direct investment (such as CFIUS US, UK CMA, EU Commission, China SAMR). Nation states, transnational groups, and industry standards (such as KN95 and N95 for PPE in the age of Covid) are used by Alien Invaders and defenders to slow down, economically penalize, and eat up the management time and attention of competitors.
If you're facing an Alien invasion of your industry, or if you're interested in mounting an Alien Invasion yourself, set up a time for a free consultation with a Senior Analyst at www.ekalore.com/contact
Comments