New York's Court of Appeals will hear a case in which a firm is accused of foisting an "unconscionable" contingent fee arrangement on a client months before settlement of her case. Alice Lawrence seeks recission of a January 2005 agreement to pay Graubard Miller 40 percent of a $105 million settlement reached in May 2005. She argued that the contingent fee was "an unconscionable and excessive amount as a matter of law" because the firm sought the arrangement near the litigation's end, not at its start.
N.Y. State's High Court to Review Fee Called 'Unconscionable'
New York Law Journal
February 12, 2008