Kasowitz, Benson, Torres & Friedman has sued longtime client Duane Reade for a $7 million "success fee" it claims it is owed as part of an alternative fee arrangement. The law firm represented the drugstore chain in a contract dispute that the company settled for an estimated $39.5 million without Kasowitz's knowledge. Kasowitz claims the settlement included terms the firm negotiated during the course of the litigation. The suit comes as clients are increasingly pushing law firms to enter into non-hourly fee arrangements.
Kasowitz Sues Duane Reade for $7 Million 'Success Fee'
New York Law Journal
February 11, 2010