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Friday, April 27, 2007

Is a million dollars enough?

I recently discovered that at least one of Minnesota Lawyer's 2007 "Up and Coming" attorneys is a member of the Million Dollar Advocates Forum. Curious, I jumped onto the forum's website to find out more about it.

According to the site, The Million Dollar Advocates Forum was started in 1993 and is "the most prestigious group of trial lawyers in the United States," with membership limited to attorneys who have obtained at least one million dollar verdict or settlement.

Hummmm.... a million dollar verdict or settlement. True, that's a lot of money. But 14 years ago it was a lot more money than it is today. And we are seeing more and more million dollar verdicts and settlements every year. So with inflation and the passage of time, is a million dollars still enough to single an attorney out as one of the country's most prestigious lawyers?

I don't mean to disparage members of the forum -- they have obviously obtained some very good results for their clients. But is it time for the forum to up the ante -- and it's name -- perhaps to something like "The Multimillion Dollar Advocates Forum"? Just a thought ...

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