A Manhattan law firm has been hit with a suit claiming some of its partners tried to extract almost $50 million in "gifts" and unearned fees from the 80-year-old widow of a prominent real estate developer. Alice Lawrence claims three partners at Graubard Miller talked her into paying them $5 million in individual, taxable gifts, and that they took advantage of her poor health to get her to sign a new retainer agreement that would pay the firm a 40 percent contingent fee worth $42 million.
Widow's Suit Seeks Return of $50M in 'Excessive' Fees and Gifts
New York Law Journal
September 16, 2005