Owner
Post by Franko10 ™ on Mar 15, 2005 22:05:37 GMT -5
Posted by houstontex1110 in Sterlings Class
ROGER GLENN ANALYSIS
In the 80s, I bought and sold land for a living. During that speculation, I used several country attorneys who were experts in land deals. And most were competent in oil and gas legalese since the area located 70 miles from Houston was a hot spot for oil and gas exploration.
On one closing in which I sold 10 acres to a man, I used my regular attorney and the buyer used a more prestigious law firm. In fact, they were more competent in oil and gas matters and employed perhaps 6 attorneys. My attorney operated alone. The general warranty deed covering any land sales will cover the mineral rights and in that area concentrated on the oil gas aspects in detail. My attorney imo sufficiently dealt with the issue on one legal page. The buyer's attorney used 4 legal pages! I asked my attorney if perhaps that was excessive. Of course my attorney exercised legal restraint and sort of said perhaps it could have been a bit shorter.
If the issue ever reached a court, maybe those extra 3 pages could have made a difference, but I really doubt it. My attorney had written hundreds of mineral descriptions and knew how to condense the subject matter. Why? To cut a better deal for his clients and his clients typically were individuals. The alternate law firm dealt with firms as well as the general public.
I wound up paying $150 for my deed and the buyer paid $350. A successful company may see the difference as petty cash, but to me it was ridiculous.
Roger Glenn has established himself and his firm as a top notch operation and their client list demonstrates that they can sell themselves to well financed entities. Paying any attorney $750 per hour versus $500 is no big deal. The prestige of being represented by RG is worth the difference. Money is relative to the guy paying the bills. In our case, I feel the legal fees were becoming onerous.
Also, RG was a CPA first. A CPA by nature demands perfection. After all, the debits must equal the credits. He just might be like the attorney who demanded 4 legal pages! Sometimes the cost of perfection is just too much.
Furthermore, Rg's time was limited due to his popularity, and at times you actually receive superior service from a lesser known attorney who does have the time to spare and concentrate his efforts on your case. I bet we were paying a RG's rate and a junior attorney did the work. I know, he reviewed their work. But if the junior attorney worked the work, why not pay his hourly rate and then only pay RG's hourly rate for his review?
Once Robert Maheu entered the scene, with his vast experience, he knew of a law firm where you still receive 99% quality buy only pay 50% of the higher priced att. Over the years, his law firm has demonstrated they will concentrate more effort on a small firm such as ours and deliver a one page document instead of a 4 pager.
Recall the press release which instructed us Not to call the firm? I was gravely concerned that our deluge of calls would so jam up the lines at RG's office, that their more valuable clients would complain about the delay, and we would be cut loose. Think about it, why did the firm mention such a strange statement in a pr? Because we caused a disturbance at their legal office!
In conclusion, RG and UC may have decided it was best for both parties to part ways. That is not to say we will never use them whenever a specialized matter commanding RG's expertise presents itself. And RG had likely just about completed the really demanding aspects confronting us and we could step down to a lower priced service anyway.
Oh, and I might be completely wrong, and RG and UC may have had a screaming argument which ended the relationship. But hopefully nothing really dreadful caused the split, and if not, my theory may be close.
ROGER GLENN ANALYSIS
In the 80s, I bought and sold land for a living. During that speculation, I used several country attorneys who were experts in land deals. And most were competent in oil and gas legalese since the area located 70 miles from Houston was a hot spot for oil and gas exploration.
On one closing in which I sold 10 acres to a man, I used my regular attorney and the buyer used a more prestigious law firm. In fact, they were more competent in oil and gas matters and employed perhaps 6 attorneys. My attorney operated alone. The general warranty deed covering any land sales will cover the mineral rights and in that area concentrated on the oil gas aspects in detail. My attorney imo sufficiently dealt with the issue on one legal page. The buyer's attorney used 4 legal pages! I asked my attorney if perhaps that was excessive. Of course my attorney exercised legal restraint and sort of said perhaps it could have been a bit shorter.
If the issue ever reached a court, maybe those extra 3 pages could have made a difference, but I really doubt it. My attorney had written hundreds of mineral descriptions and knew how to condense the subject matter. Why? To cut a better deal for his clients and his clients typically were individuals. The alternate law firm dealt with firms as well as the general public.
I wound up paying $150 for my deed and the buyer paid $350. A successful company may see the difference as petty cash, but to me it was ridiculous.
Roger Glenn has established himself and his firm as a top notch operation and their client list demonstrates that they can sell themselves to well financed entities. Paying any attorney $750 per hour versus $500 is no big deal. The prestige of being represented by RG is worth the difference. Money is relative to the guy paying the bills. In our case, I feel the legal fees were becoming onerous.
Also, RG was a CPA first. A CPA by nature demands perfection. After all, the debits must equal the credits. He just might be like the attorney who demanded 4 legal pages! Sometimes the cost of perfection is just too much.
Furthermore, Rg's time was limited due to his popularity, and at times you actually receive superior service from a lesser known attorney who does have the time to spare and concentrate his efforts on your case. I bet we were paying a RG's rate and a junior attorney did the work. I know, he reviewed their work. But if the junior attorney worked the work, why not pay his hourly rate and then only pay RG's hourly rate for his review?
Once Robert Maheu entered the scene, with his vast experience, he knew of a law firm where you still receive 99% quality buy only pay 50% of the higher priced att. Over the years, his law firm has demonstrated they will concentrate more effort on a small firm such as ours and deliver a one page document instead of a 4 pager.
Recall the press release which instructed us Not to call the firm? I was gravely concerned that our deluge of calls would so jam up the lines at RG's office, that their more valuable clients would complain about the delay, and we would be cut loose. Think about it, why did the firm mention such a strange statement in a pr? Because we caused a disturbance at their legal office!
In conclusion, RG and UC may have decided it was best for both parties to part ways. That is not to say we will never use them whenever a specialized matter commanding RG's expertise presents itself. And RG had likely just about completed the really demanding aspects confronting us and we could step down to a lower priced service anyway.
Oh, and I might be completely wrong, and RG and UC may have had a screaming argument which ended the relationship. But hopefully nothing really dreadful caused the split, and if not, my theory may be close.
