Document Details The Eye-Popping Amount Attorneys Stand to Make From Climate Crusades
13th December 2018
One of the law firms involved in a trove of California lawsuits targeting ExxonMobil and other energy companies is poised to rake in millions of dollars from their climate crusades, according to Climate Litigation Watch.
Sher Edling LLP could capitalize on a big pay-day if San Francisco’s lawsuit against the oil company settles, according to documents obtained Wednesday by the watchdog. The contract between the firm, San Francisco and the county is complex and lays out a multi-tiered payment method for Sher Edling. Altshuler Berzon LLP also represents the city.
The California-based firm’s pay is dependent on the amount of the settlement. If the city secures a $100 million settlement, then lawyers could take home roughly $25 million; if the settlement exceeds $100 million, then they get $32.5 million; and roughly $36.5 million for any settlement hitting $200 million, according to the document obtained by CLW.
Political activism pays pretty well these days.