RENO, Nev.--(BUSINESS WIRE)--
Unwired Planet, Inc. UPIP today announced that it has entered
into a strategic fee arrangement with McKool Smith, one of the
preeminent patent litigation firms in the world.
Under the new fee structure, Unwired Planet secures a lower, fixed
monthly spending rate on litigation fees on the company's outstanding
cases. Instead of the traditional model of paying for billable hours in
a given month, the agreement fixes legal fees for 24 months at $500
thousand per month, unless a case is settled earlier. If litigation
activity continues beyond 24 months, McKool Smith will continue to
provide all necessary services without receipt of any new fees. In
exchange, McKool Smith will receive a sliding contingency fee based upon
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