A $44 million contingency fee sought by Graubard Miller for its work on behalf of the widow of a New York real estate magnate should be cut to less than $16 million, according to a court referee’s report.
If confirmed, Graubard Miller’s award, with interest, could climb to about $25 million. But the sum is less than what the firm would have earned under the original 40 percent contingency arrangement Graubard had with its longtime client, Alice Lawrence, whose estate claimed the fee was unconscionable.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]