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Tibor Nagy, Leading Trial Lawyer and Co-Founding Partner at Dontzin Nagy LLP, on litigation, versatility, cryptocurrency and self betting

A law degree is one of the most valuable and widely applicable degrees a person can receive. People with a law degree do not necessarily become lawyers, although many do. Those with an intimate understanding of the law have a great advantage when it comes to working in many fields, from finance to entertainment. Of course, while many people who earn a law degree end up working as a lawyer, the profession isn’t exactly as TV and movies make it seem. Like many professions, the way Hollywood represents them is slightly less accurate. Many people may be shocked to learn that most lawyers do not defend their clients and present their cases in court before a judge and jury. In fact, many lawyers, regardless of their specialty, never show up in court and mostly deal with the paperwork. Litigators are the types of lawyers whose professional obligations most closely resemble those of their Hollywood counterparts. However, even many self-appointed litigators, including class action lawyers, never actually tried a case until a jury verdict and instead settled before there was an opportunity to try their cases at the courthouse. of righteousness.

Tibor Nagy is a partner at boutique law firm Dontzin Nagy LLP, which he co-founded in 2012. Tibor has made a name for himself as a leading litigator, known in the industry for going to court and winning high stakes. , complex disputes. Representing plaintiffs and defendants, Nagy has represented Fortune 100 companies, hedge funds, leaders in the cryptocurrency and commodities industries, individual business owners, C-level executives, entrepreneurs, patent owners and inventors, high net worth individuals and other lawyers. , illustrating its versatility.

With a deep and multifaceted expertise as a litigator, Nagy does not specialize or limit himself to a single area of ​​law. Instead, Nagy handles all kinds of cases, specializing in the full skill set needed to manage and, most importantly, win any type of case, from complex patent cases to cutting-edge class action lawsuits. Nagy also structures his fees based on his success rather than hours. While many companies use success-based fees for plaintiff-side cases (such as contingency fee agreements), Nagy has been a leader in alternative fees and often uses them for claim-side clients as well. defense. While most defense attorneys seek to maximize their “billable hours”, to get paid for the time they spend on their clients’ cases, regardless of the outcome, Nagy is an industry leader due to his willingness to bet on his ability to win, get paid based on his success and nothing else.

In fact, Nagy was once hired just a week before trial by a defense client, in a case in which he and the client agreed to a success-based fee. “We hired Tibor the week before the trial started in a betting business case,” said Bryan Newcombe, general counsel for William Penn Life Insurance Company. “Opposing counsel had been on the case for 5 years, but as the time trial began, it was clear that no one knew the facts better – or spoke more persuasively to the judge and jury – than Tibor. The jury deliberated for less than an hour and came out unanimously in our favour.

Nagy’s commitment and track record of courtroom success, along with his alternative litigation win-based fee structure, is why so many high-profile clients trust him with their most important cases. Documents filed in public courts show that he has represented high-profile clients like JP Morgan (the largest US bank), hedge funds like Third Point LLC, and crypto industry leaders like ConsenSys, the entity behind the innovative Ethereum technology powering cryptocurrencies and NFT projects.

As mentioned, Nagy’s versatility, in addition to his ability to win in litigation, sets him apart. While Nagy is always committed to helping a wide range of clients, large and small, across many industries, Nagy has been particularly active in the areas of cryptocurrency and decentralized finance. At this point, Matt Corva, general counsel at ConsenSys, justifies Nagy’s ability to successfully litigate and his industry expertise. Corva states, “With the increase in litigation in our industry, we are fortunate to have Tibor Nagy as a trusted advisor and friend to ConsenSys. If you think of the best solidity developer, that’s how we consider Tibor in his field. Faced with the increase in litigation against companies in our sector, I highly recommend Tibor. Nagy is not only one of the top litigators in the country, but – as a litigator for leaders in the cryptocurrency industry – he is also perfectly suited to win cases that shape the world. blockchain technology and decentralized finance.

Despite his academic and professional background as a graduate of Dartmouth College (BA) and Yale Law School (JD), as well as his law clerk to a federal judge, Nagy avoided the traditional “white shoe” big law firm route. “. Instead, Nagy began his legal career in Texas, where he began taking cases to court early in his career. Nagy also came from a much more working-class background than many prominent lawyers. Neither of Nagy’s parents went to college: Nagy’s dad was the super in the building where his family lived, and his mom cleaned houses in their neighborhood. Nagy thinks his blue-collar upbringing has been a great asset to him as a trial lawyer.

Nagy is of Latin descent. Nagy’s mother is from Ecuador and Spanish was Nagy’s first language. Nagy is a Yale Law School alumni mentor with the YLS Latino Law Student Association. In 2021, Nagy was also honored as one of Notable Hispanic Leaders and Executives by Crain’s New York Business.

More broadly, Nagy has also been named to Benchmark Litigation’s “Under 40 List” and named an “Elite Boutique Trailblazer” by the National Law Journal.

To learn more about Nagy and his law firm, you can visit his website.