Small law

Appeals Court Rules Estate of Alice Lawrence Must Pay Law Firm Fees
Download PDF
1 Star2 Stars3 Stars4 Stars5 Stars (No Ratings Yet)
Loading...

Graubard Miller, Law Firm News, Alice Lawrence

Summary: The law firm of Graubard Miller has won its case against the estate of Alice Lawrence for the payment of $44 million in fees stemming from a case back in 2005. 

The New York Court of Appeals rejected claims made by a Manhattan real estate mogul’s widow that she was subjected to her lawyers’ “Svengali-like influence,” according to a report from Reuters.

  
What
Where


To read more stories involving the New York Court of Appeals, click here.

The court ruled that her estate has to pay the law firm $44 million in fees for a couple of months’ work.

The ruling was issued on Tuesday against Alice Lawrence, the widow of real estate mogul Sylvan Lawrence.

Get JD Journal in Your Mail

Subscribe to our FREE daily news alerts and get the latest updates on the most happening events in the legal, business, and celebrity world. You also get your daily dose of humor and entertainment!!




The court said that the widow knew the risks she was taking when switching from an hourly-fee arrangement to a contingency agreement.

The court also shot down her estate’s bid to force three lawyers from Graubard Miller to return the $5 million in gifts given to them by the widow.



A lower court in New York ordered the lawyers to return the gifts and called the fees “unconscionable.” That court reduced the fees to $3 million.

Lawrence was represented by Graubard Miller from 1983 to 2005, which is when she won a $111 million batter with her brother-in-law regarding properties owned by her husband.

To read more stories about New York real estate, click here.

Lawrence was sued by the firm in 2005 when she refused to pay the fees. She passed away in 2008 and her children then claimed that the law firm manipulated the woman into signing a 40-percent contingency agreement five months prior to the case coming to an end.

“She was a competent and shrewd woman who made a business judgment that was reasonable at the time, but which turned out in retrospect to be disadvantageous,” Judge Susan Read wrote.

The lawyer for Graubard, Mark Zauderer, said, “The possibility of a large fee has to be in the mix to give lawyers the incentive to take difficult cases.”

Was the outcome of this case justified? Use our poll below to share your thoughts.

Was the Outcome of this Case Justified?

View Results

Loading ... Loading ...

Image credit: Graubard Miller



 

RELEVANT JOBS

Family Law Attorney

USA-NY-Queens

Boutique firm currently seeking to hire an experienced family law attorney   Qualificatio...

Apply now

Associate Attorney

USA-KS-Topeka

Collection Attorney Law firm looking for part-time attorney to work onsite and travel to hearings ar...

Apply now

Litigation Paralegal

USA-AL-Birmingham

Battle & Winn LLP seeks a qualified litigation paralegal. This is a full-time opportunity and offers...

Apply now

Legal Assistant

USA-OH-Findlay

We are looking for a self motivated Legal assistant to ensure smooth running of the office and effec...

Apply now

BCG FEATURED JOB

Locations:

Keyword:



Search Now

SEC Attorney

USA-MA-Waltham

Waltham office of our client seeks SEC attorney with 3-5 years of experience to assist with all aspe...

Apply Now

Private Investment Funds Associate Attorney

USA-TX-Dallas

Dallas office of a BCG Attorney Search Top Ranked Law Firm seeks private investment funds associate ...

Apply Now

Commercial Litigation Attorney

USA-CA-Los Angeles

Los Angeles office of a BCG Attorney Search Top Ranked Law Firm seeks commercial litigation attorney...

Apply Now

SEARCH IN ARCHIVE

To Top