New York's high court appeared skeptical Thursday about a 40 percent contingency fee agreement that allowed law firm Graubard Miller to get a $40 million payoff in just five months. Attorneys for Graubard Miller's late client, Alice Lawrence, argued that the law firm is seeking to collect an unconscionable amount for little work and after assuming little or no risk under the arrangement. Several members of the court questioned the propriety of Graubard Miller seeking to collect the entire fee amount.
N.Y. High Court Skeptical of $40 Million Payoff From Contingency Fee Deal
New York Law Journal
October 24, 2008