NTP lawyers laughing all the way to the bank

NTP lawyers laughing all the way to the bank

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All parties involved are probably relieved that the patent battle between NTP and RIM is finally over. RIM can concentrate on other issues, like holding off their aggressive competitors. Customers don’t have to worry about their world coming to the end. Perhaps the happiest of all, though, is Wiley Rein & Fielding LLP. That’s the legal firm that represented NTP on a contingency basis. Their share of the settlement is $200 million. The firm has 250 lawyers, including 67 partners, so there will be more than enough money to go around.

The rest of the settlement has also created a windfall for several people. The money was split among the two dozen or so shareholders of NTP. The strange part of the whole deal is that NTP will not have to pay back any of the settlement if, as is likely, the patent office ultimately rejects the NTP patents. Dozens of people will have become rich as a result of invalid patents. What a world, what a world.

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