A trial over whether Graubard Miller is entitled to a $42 million contingency fee from the estate of a real estate tycoon's widow is set to begin today in Manhattan, after four years of litigation. The firm's former longtime client, Alice Lawrence, refused to pay Graubard attorneys what her estate called an "unconscionable" $42 million after the firm in 2005 won a $104.8 million settlement just four months after agreeing to switch to a 40 percent contingency fee after two decades of billing hourly rates.
Trial to Begin Over Alleged 'Unconscionable' $42 Million Contingency Fee
New York Law Journal
October 5, 2009