Originally Posted by
LowerLoon185
You may be right, i'm not in the General Counsel's office (the guy that has to defend and budget spending on internal/external counsel).
From experience in these things though, it's pretty easy math. AAG is a 14B market cap company with 44B in revenue...but ~$1.4 B in net. I've worked for ~2.5 Billion market cap companies that the General Counsel had a budget of over $20MM a year.
Facing a contract increase that could be easily $5MM to $10MM per year, it's pretty easy to math to drop $1.5 MM on outside counsel.
If you are right though, it's even more depressing for the pilots of Envoy. That means you just got smoked by a couple of C student schmucks working 9-5 for the company.
AMR/AAG legal had a $31M budget and an army of lawyers on staff as far back as 2010. Can’t imagine it’s gotten any smaller from what I’ve seen they’ve taken on more at each level of the corporation and subsidiaries.... not to mention the contracted firm F&H to specifically handle labor.