Work has been jumping the past few weeks, which, while stressful, feels good for a change.
Monday, we settled the case I went down to Miami for last week. It was a fairly decent settlement in my mind. The client thought the case was a dog. I disagreed. I thought we had a really strong claim . . . like $80% or so . . . Our potential, top dollar, Giancarlo Stanton monster home run, post-trial result would have been $11 million . . . plus attorneys' fees, plus pre-judgment interest (which would have been a 7-figure number in this case). I thought we could have settled for $6.5. But the folks from London played some hard ball. Ultimately, we ended up at $5.8 (pre-lawsuit). Oh, and we took the case on a full contingency, which, like, makes it somewhat sweeter. And we still have the chance to tag an excess insurer for another $5 on the claim . . . . Incentive is a sweet elixir . . .
Now I'm working with some brokers out of Chicago to place a $50 million tower of D&O / E&O insurance for a private equity client of ours out west. And I'm sort of losing my mind on it. The client has the most complex corporate structure I've ever dealt with -- a series of like 20 related partnerships and LLC's. It's difficult enough to figure out what each of the entities does, and what potential risks each has, let alone trying to figure out whether the policies being offered (which are crazy complex in their own right) would cover those potential risks. Every once in a while, a project comes up were I just don't feel smart enough to figure it out. This is one of them. Unfortunately, "I'm too dumb to deal with this" doesn't fly . . . So, I'm looking at another day of spinning my wheels . . . (as soon as I stop procrastinating by writing this post, of course . . .).
On the bright side, in a mere 8 days, I'll be on vacation. Next Friday night, I'm driving up to Philly. Saturday morning, I have a 7:00 am flight from PHL to LAS for 5 days at the MGM Grand. I have G-n-R tickets at the Hardrock Sunday night, which should be interesting! Then, Wednesday night, I'm taking the redeye back east, and spending Thursday through Sunday with the Long Island crew in Atlantic City. We have Mets-Silly's tickets Friday and Saturday, and will be making the drive out the AC Expressway for the games both days. Should be a cool 8 days of debauchery. I'm currently resting my liver in anticipation.
Well, back to the grind . . .