Davis Polk & Wardwell did not commit legal malpractice in its handling -- ultimately successful -- of a long-standing federal tax case for the AmBase Corp. and is entitled to a fee of more than $1.4 million, the New York Court of Appeals ruled unanimously Thursday. Though it won the tax case, AmBase balked when Davis Polk submitted a bill for a "success fee" that was provided for in the retainer agreement between the company and the firm.
N.Y. High Court: Davis Polk Didn't Commit Malpractice, Is Entitled to Fee
New York Law Journal
April 27, 2007