Billable Hour Critics Cheer Legal Fee Cut In Citigroup Case

Law360, New York (August 2, 2013, 7:29 PM ET) -- A federal judge's decision to chop more than $25 million from a plaintiffs' fee request in a $590 million shareholder settlement with Citigroup Inc. drew cheers from corporate-side legal value advocates Friday, though some said the judge's focus on how the bill was pumped up missed an important lesson about the poor incentives created by mark-ups and the billable hour.

“The reliance on the billable hour is a terrible process that has only been with us for the last 35 or 40 years, but clients are...
To view the full article, register now.

Dewey Verdict Watch

Follow our exclusive coverage of the trial of the year:

Dewey Trial Day 67