Gurley: Delaware Court Legal Fee Multipliers Far Exceed Federal Courts
Bill Gurley · AI, Middle East, China, Tariffs, Recon Bill, Invest America | BG2 w/ Bill Gurley & Brad Gerstner · Bg2 Pod · May 22, 2025 · at 51:20
Bill Gurley discusses a Stanford Law research paper by Joe Grundfest analyzing legal fee multipliers in Delaware Chancery Court compared to federal courts.
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“What he found was he compared a bunch of Delaware judgments with a bunch of judgments in the federal courts. And he looked at a bunch of different breakings, but one of the breaks was, you know, what's the frequency of awards seven times or higher? And what are the frequency of awards? 10 times or higher. And what he found is in Delaware seven times or higher is 23 times more likely than in a federal court. And 10 times or higher is 57 times or higher than in a federal court.”
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