Teds Wells, an attorney with the firm of Paul/Weiss in NYC claimed during a press conference today in which he defended his report on Deflategate, that the cost of the investigation “was in the millions of dollars.” (Associated Press)
Millions of dollars?
How is that possible?
Watergate cost millions of dollars, Iran Contra cost millions of dollars, investigating allegations of football tampering should not cost in the millions of dollars.
How many people were interviewed? If the bill was just one million dollars and 500 hours were spent on the investigation that would be $2,000.00 per hour.
I’m sure that Mr. Wells does not come cheap. According to the Paul/Weiss web site here are some of Mr. Wells’ career hightlights.
“A partner and co-chair of the Litigation Department, Theodore V. Wells, Jr. has extensive litigation experience in white-collar criminal defense, complex civil and corporate litigation, SEC regulatory work, healthcare fraud, FCPA, AML and OFAC investigations, environmental matters and class action litigation.
In 2010 The National Law Journal named Ted one of “The Decade’s Most Influential Lawyers” and over the years has repeatedly selected him as one of the 100 most influential lawyers in America, including naming Ted as the Lawyer of the Year in 2006. Ted also has been recognized as one of the outstanding jury trial lawyers in the United States by numerous publications including Chambers USA, which in 2012 recognized him as “the best trial lawyer in the country.” In both the 2013 and 2014 editions of Chambers USA, Ted was named a Star Performer in three categories: nationwide trial litigation, New York general commercial litigation and New York white-collar crime and government investigations, and Benchmark Litigation named him in similar categories. The Legal 500 has recognized him as a Leading Lawyer in white-collar criminal defense and as a Leading Trial Lawyer.”
His education is very laudable and very New England by the way.
J.D., Harvard Law School, 1976
M.B.A., Harvard Business School, 1976
B.A., College of the Holy Cross, 1972
His firm is located on the Ave. of the Americas in New York City. Surely monthly rent is a big nut to carry, but it seems he is trying to cover that with this one case.
Where to I send my resume? I can save the NFL owners a lot of money in the future.