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.
October 05, 2009 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
A trial over whether Graubard Miller is entitled to a $42 million contingency fee from the estate of the widow of a real estate tycoon is set to begin today in Manhattan.
The trial, before Howard Levine, the former New York Court of Appeals judge serving as referee for Acting Manhattan Surrogate Troy Webber, will be the latest phase of a four-year litigation between the firm and its former longtime client, Alice Lawrence.
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