Posted at 12:38 PM in Cases: Substantiation
of Reasonableness of Fees, Rates Permalink Comments (0) TrackBack (0)
The factors relevant to an evaluation
of the reasonableness of fees charged by a solicitor are well established.
(See posts under our Home Page category, «Substantiation
of Reasonableness of Fees.»)
SUBSTANTIATION
OF REASONABLENESS OF FEES — L.A. County Bd.
Posted at 10:01 AM in Cases: Laffey Matrix, Cases: Lodestar, Cases: Substantiation
of Reasonableness of Fees Permalink Comments (0)
Not exact matches
Wrap
fees add an additional layer
of fees a plan fiduciary must consider when evaluating an insurance company's
fees for
reasonableness — Directly invoiced
fees and revenue sharing payments made by the underlying mutual funds may still apply.
Many recently announced
fee - based variable annuity products have sought to lower overall
fees and penalties that clients may be held responsible for, developing features that can make the product more valuable to the client (also providing justification for the
reasonableness of the
fee).
Because non-fiduciary advisors are free to recommend over-priced investments under the suitability standard, 401 (k) plan sponsors must independently evaluate their recommendations for
fee reasonableness and conflicts
of interest.
In the wake
of the Department
of Labor's requirement in 2012 to disclose plan - level and investment - level
fees, investment managers have increasingly begun developing solutions to help plan sponsors, advisers and participants better understand fiduciary duties and evaluate
fee reasonableness.
68, 70 — 71
of the Legal Profession Act, S.B.C. 1998, c. 9,
of an appropriate
fee, and review
of the fairness and
reasonableness of the arrangement.
It is within the court's discretion to test the
reasonableness of the quantum
of a lump sum
fee by looking at the result as a multiplier» (para. 72).
Moreover, if I were representing the defendants in this matter, I wouldn't be touting the Appellate Division's decision to set the
reasonableness of the
fee agreement as a victory.
The District Court denied Kirtsaeng's motion, giving» «substantial weight» to the «objective
reasonableness»
of Wiley's infringement claim,» and stating that» «the imposition
of a
fee award against a copyright holder with an objectively reasonable» - although unsuccessful - «litigation position will generally not promote the purposes
of the Copyright Act,»» and that no other factors «outweighed» that objective
reasonableness to warrant
fee - shifting.
It noted that Kirtsaeng «raised serious questions about how
fee - shifting actually operates in the Second Circuit,» recognizing that «the Court
of Appeals» framing
of the inquiry resembles» the inquiry framed by the Court, but that the «Court
of Appeals» language at times suggests that a finding
of reasonableness raises a presumption against granting
fees.»
This suggests that cases examining applications for attorney's
fees in patent cases may also follow the Court's decision in Kirtsaeng and place special importance on the objective
reasonableness of a losing party's litigation position.
The Arizona Court
of Appeals in the Myrick v. Maloney case provided a good discussion from the court
of appeals regarding a judge's discretion to balance both factors (
reasonableness and disparity in financial resources) to award or decline an award
of attorneys
fees.
The Court held that the objective
reasonableness of a losing party's position should be given «substantial weight» — but not necessarily control — the outcome
of a
fee petition.
That brought the appellate panel to the
reasonableness of the
fee award.
The AmLaw Daily reports today that an insurance company has sought to compel arbitration against a prominent Los Angeles based firm over the
reasonableness of its
fees handling a toxic tort matter.
As far as
reasonableness of fees, the trial judge did discount for duplicative work between the two attorneys» SLAPP motions, including a substantial reduction for attorney # 2's
fees — inefficiency / duplicative efforts were indeed factored into the ultimate awards.
The Court's emphasis on «
reasonableness» in Kirtsaeng is a warning to parties to carefully consider the strength
of their legal theories before filing — as unfounded or frivolous claims may lead to
fee shifting.
Feb. 29, 2016)-- authored by Acting Presiding Justice Robie; discussed in our Mar. 1, 2016 post: 70 % across - the - board
fee reduction by trial judge from
fee request reversed because such a broad brush decrease required a more nuanced approach and more specific explanation
of the reduction; trial judge allowed to «cross check»
reasonableness of prevailing party's
fee request based on the
fees expended by the opposing party in proper situations.
The importer appealed to the Supreme Court, which held that in copyright cases the «objective
reasonableness»
of the losing party's legal position carries «substantial weight» in deciding whether to grant attorneys»
fees to the winning party — but that factor alone is not dispositive: a party's litigation misconduct or «repeated» infringement or «overaggressive» enforcement
of claims could also justify a
fee award even if a party's legal argument was reasonable.
But in fact, forcing Merck to reveal what it's paid is perhaps the most relevant piece
of information in assessing the
reasonableness of fees.
«For satellite dish installation permission — # 500 plus surveyor's
fee for inspecting channels» CLRA 2002, Sch 11 gave tenants the right to challenge the liability to pay and
reasonableness of an administration charge — for example, for consent to installation
of a satellite dish or carrying out
of building works, on providing information or documents or in respect
of a failure to make payment under the lease — at a LVT and, ahead
of service charges, obligated the landlord to serve, with a demand for the payment
of the charge, a summary
of the tenant's rights and obligations.
In a recent matter in California, an attorney avoided charges for the
reasonableness of his
fees by having solid time records which were reviewed in camera by the trial court.
But does the presumption
of reasonableness change where (a) the recommended guidelines for
fees are 5 percent, (b) the risk
of nonrecovery is minimal, (c) many attorneys handled the matter on a pro bono basis and (d) the claims relate to compensation from the 9/11 fund?
Areas
of expert consultation, formal opinions, and testimony include
reasonableness of fiduciary and attorney
fees, standards for fiduciary conduct, spousal elective share issues, and characterization
of trust beneficial interests in dissolution
of marriage cases.
Such an interpretation would effectively gut any realistic opportunity for the client to ever challenge a bill,» wrote Appeal Court Justice Jamie Saunders, noting that clients are often unable to assess the
reasonableness of a lawyer's
fees until consulting with other lawyers or people receiving similar services.
2 Despite that our current contingent
fee system requires after - the - fact assessment for fairness and
reasonableness and the relative vulnerability
of clients, some still argue that any reform should be on the basis on caveat emptor.
The lawyer in this case had plenty
of other issues, but every law student knows it takes more than a time sheet to determine the
reasonableness of a lawyer's
fee.
If a statute allows for tribunal costs, a regime
of fixed tribunal
fees in advance has significant merits over a regime that allows — and effectively requires — a losing respondent to dredge through the actual reimbursable disbursements
of panellists, for example, to ensure
reasonableness.
Next, the Court looked at the
reasonableness of the
fee award, noting discussion first the lodestar method
of calculation:
Reported cases include: Gill v Meyers (
reasonableness and UCTA), Films Rover v Cannon Film Sales (test for grant
of mandatory interlocutory injunction), Standard Chartered Bank v PNSC and others (for SGS); Mattis v Toussaint (acted for defendant in successfully resisting claim for finder's
fee in respect
of stolen painting), Yukong Lines v Rendsburg — The Rialto (tortious conspiracy and ancillary injunctive relief against controller
of corporation), REC v Thames Water (test for grant
of interlocutory injunction in field
of electricity supply), De Molestina and Others v Ponton (acted for defendant in successfully rescission
of share distribution agreements), and Marubeni Corporation v Government
of Mongolia (claim on state guarantee)
3d 121 (Fla. 2d DCA 2012), the 2nd DCA cautioned that even when charging a flat
fee, counsel can not establish the
reasonableness of its
fees without satisfying the requirements
of Florida Patient's Compensation Fund v. Rowe, 472 So.
Judge Posner responded that «the
reasonableness of a
fee can not be assessed in isolation from what it buys.»
Issuers, in a highly competitive environment, attest to the quality
of our service and the
reasonableness of our counsel
fees by returning to Robinson + Cole for their municipal finance and bond counsel needs.
Whether charging a flat
fee or hourly
fee, lawyers need to be aware that they have the same obligation to justify the
reasonableness of their
fees.
Just as salient, ex-client suffered real prejudice from the amendment: client had to meet much different claims, had no ability to obtain discovery on the different claims (especially about the
reasonableness of a much larger
fee request), and had no ability to perform legal research on the validity
of the retainer provision being relied upon in the amendment.
The
reasonableness of the Contingency
Fee Agreement can be disputed.
That will help the court later determine the
reasonableness of your
fee shifting request at the back end.
Similarly, under a statute which allowed for bylaws concerning «all or part
of the costs
of the disciplinary proceeding,» and although regulations provided for a licensee to pay «all or part
of the costs
of the disciplinary hearing, including (i) per day
fees for members
of the Discipline Committee, (ii) counsel
fees, (iii) reporter
fees, (iv) facility charges, and other charges associated with the hearing», a court found such award to be subject to the same
reasonableness standard
of review as is the rest
of the substantive disciplinary decision.
Regulatory bodies should be aware, however, that where legal costs are recoverable on an indemnity basis, unless they have fixed some sort
of per diem rate with respect to legal
fees, a respondent may be entitled to review the legal bills in order to ensure
reasonableness.
Otherwise, the sum
of fees paid to you for fighting over the
reasonableness of time expended plus the amount awarded could substantially exceed the original request.
Our clients include major corporations, government agencies, law firms, insurance companies, and anyone else who pays substantial legal
fees, needs to examine the
reasonableness of fees, or wishes to analyze litigation issues.
Our attorney
fee experts are judicially qualified experts who provide expert testimony and reports on the
reasonableness of attorney
fees and expenses in underlying cases.
NALFA attorney
fee experts can assist judges in determining the
reasonableness of attorney
fees through expert forensic analysis and testimony.
Citing Mardirossian & Associates, Inc. v. Ersoff, 153 Cal.App.4 th 257, 272 (2007), the Fourth District in Farina set forth the nonexhaustive factors for evaluating the
reasonableness of attorney's
fees for purposes
of quantum meruit recovery: (1) the nature
of the litigation; (2) the difficulty
of the litigation; (3) the amount involved; (4) the skilled required in its handling; (5) the actual skill employed; (6) the attention given; (7) the success or failure
of the attorney's efforts; and (8) the attorney's skill and learning, including his / her age and experience in the particular type
of work demanded.
Posted at 10:34 PM in Cases: Quantum Meruit, Cases:
Reasonableness of Fees Permalink Comments (0) TrackBack (0)
Fee - sharing with lawyer referral services (including for - profit providers) with appropriate disclosure to clients and continued requirements for the reasonableness of the overall fee;
Fee - sharing with lawyer referral services (including for - profit providers) with appropriate disclosure to clients and continued requirements for the
reasonableness of the overall
fee;
fee; and