Legal Bill to Be Reduced From $44 Million to 3 Million, Predicts Attorney for the Winning Side

 Posted by at 12:49 pm  Court Decisions, Interesting Fee Cases  Comments Off on Legal Bill to Be Reduced From $44 Million to 3 Million, Predicts Attorney for the Winning Side
Jun 192013
 

The NY Appellate Division, First Department has called a retainer agreement “unconscionable,” and has reduced an estate’s legal bills from 44 million dollars to what is predicted to be by the winning side’s attorney, close to 3 million dollars. The subject in the appeal is the $44 million legal fee claimed by Graubard Miller under a retainer agreement signed by Alice Lawrence in 2005. Ms. Lawrence was married to commercial real estate mogul Sylvan Lawrence, and was the main beneficiary of her husband’s one billion dollar estate at the time of his death in 1981. She fought for 20 years with the executor of her husband’s estate in an effort to gain control of her husband’s holdings, a battle in which she was represented by Graubard Miller.
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When Should Lawyers Get Paid? The Millionaires’ Viewpoint

 Posted by at 11:39 am  Alternative Fee Arrangements  Comments Off on When Should Lawyers Get Paid? The Millionaires’ Viewpoint
Jun 172013
 

Generally, lawyers’ legal services are followed by a bill (which is often much larger than expected). The vast majority of people pay the bill regardless of the result or services provided. However, that is not the case with many corporations and self-made millionaires. According to many self-made millionaires, legal fees are voluntary “ALL THE TIME.” So, when should people pay their legal bills? Only after receiving valuable legal services, millionaires say. Continue reading »