Covered by NYDaily News. Las Vegas man accused of threatening a prominent attorney and making vile remarks.
Covered by New York Times, and other outlets. Fake heiress accused of conning the city’s wealthy, and has an HBO special being made about her.
Accused of stalking Alec Baldwin. The case garnered nationwide attention, with USAToday, NYPost, and other media outlets following it closely.
Juror who prompted calls for new Ghislaine Maxwell trial turns to lawyer who defended Anna Sorokin.
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The Spodek Law Group understands how delicate high-profile cases can be, and has a strong track record of getting positive outcomes. Our lawyers service a clientele that is nationwide. With offices in both LA and NYC, and cases all across the country - Spodek Law Group is a top tier law firm.
Todd Spodek is a second generation attorney with immense experience. He has many years of experience handling 100’s of tough and hard to win trials. He’s been featured on major news outlets, such as New York Post, Newsweek, Fox 5 New York, South China Morning Post, Insider.com, and many others.
In 2022, Netflix released a series about one of Todd’s clients: Anna Delvey/Anna Sorokin.
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Receiving a civil investigative demand (CID) from the Federal Trade Commission can be a daunting experience for any business. These information requests are often broad in scope, seeking documents, data, testimony and more related to an FTC investigation. Responding thoroughly takes time and legal expertise, resulting in significant outside counsel fees.
So what can you expect to pay competent outside counsel to handle an FTC CID response? Total costs often range from $100,000 to $500,000+, with fees accumulating quickly due to the fast-paced nature of these investigations. However, understanding what drives expenses can help you budget appropriately.
There are several key factors that influence what your business will pay outside counsel for assisting with an FTC civil investigative demand:
In addition, choice of law firm impacts spending. Large firms charge high hourly fees but may resolve cases more quickly. Smaller specialty boutiques offer lower rates but stretch budgets over longer engagements.
FTC CID responses generate significant legal spend because responding comprehensively requires substantial attorney work hours across multiple disciplines. Just some of the effort involved includes:
Teams of lawyers and paralegals across practice areas like compliance, litigation and e-discovery devote extensive hours to handling these complex matters. For example, document review alone can consume thousands of hours depending on data volumes. At standard hourly rates ranging from $200 for junior associates up to $1,000+ for senior partners, it’s easy to see how costs add up.
While FTC CID responses come with unavoidable expenses, you can help control outside counsel spending by:
Getting frequent updates from your legal team on the scope of work and associated costs is also wise. This allows both sides to recalibrate efforts based on new developments, helping align total expenditures with case value.
Responding to an FTC investigation is a fluid situation, but understanding the key factors driving legal spend empowers you to make informed decisions. Budgeting adequate resources for a robust response while closely monitoring outside counsel fees allows you to balance legal risk and business priorities.
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