by Traverse Legal, reviewed by Enrico Schaefer - January 4, 2005 - 'The Greatest' Philosophy, Alternative Billing, I Quit!, The Billable Hour
Word is that the re-finance paperwork was turned in yesterday with request to close by Friday, no later than Monday. We’ll see if they come back for more paper. I negotiated a rate ¼ below prime. I am closing out my current home equity line and paying off the underlying mortgage with a single line of equity about $70,000 more than the existing mortgage. Sound complicated? With credit cards, I’ll have about $100k to work with for start-up. Most of that is reserved for start up technology and salaries for me and my secretary. Since I have 5 contingency fee trials between January and May, including one on the other side of the country, I may not be able to engage in sufficient alternative billing to cover the overhead the first several months.
If all goes well, I’ll give notice on Friday. January 7, 2005.
As a founding partner of Traverse Legal, PLC, he has more than thirty years of experience as an attorney for both established companies and emerging start-ups. His extensive experience includes navigating technology law matters and complex litigation throughout the United States.
This page has been written, edited, and reviewed by a team of legal writers following our comprehensive editorial guidelines. This page was approved by attorney Enrico Schaefer, who has more than 20 years of legal experience as a practicing Business, IP, and Technology Law litigation attorney.
