A state appeals panel has thrown out a $16 million contingency fee for work Graubard Miller performed for Alice Lawrence, the late widow of New York real estate magnate Sylvan Lawrence, finding the firm’s fee agreement "unconscionable."

Manhattan Surrogate Nora Anderson (See Profile) had already slashed the $44 million initially sought by Graubard Miller down to $16 million (NYLJ, Sept. 13, 2011).

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