Judge cuts Dewey & LeBoeuf's "excessive" fees by 20 percent

The Natonal Law Journal reports that a New York federal judge cut Dewey & LeBoeuf's fees for its work on a securities receivership case by 20 percent to $1.7 million, following Sullivan & Worcester's objection and complaint to the U.S. Securities and Exchange Commission (SEC) on behalf of a client. According to the report, US District Court Judge Denny Chin called Dewey & LeBoeuf's $2.1 million request excessive and cut the firm's request by $429,533.35, "to account both for the excessiveness in the number of hours and the hourly rates."

Judge cuts Dewey & LeBoeuf's "excessive" fees by 20 percent law.com Tue, Jan 6, 2009