TARP Report Puts Firms Back On High Alert Over Fees

By Megan Stride

Law360, New York (April 14, 2011, 6:52 PM ET) -- A government watchdog report released on Thursday that said Venable LLP submitted shoddy fee bills to the U.S. Department of the Treasury may only result in a slap on the wrist, but it serves as a harsh reminder that law firms need to take the initiative to set clear billing requirements before clients cry foul, legal consultants say.

The audit report issued by Christy L. Romero, the acting Special Inspector General for the Troubled Asset Relief Program, examined professional service fees paid under TARP and found...
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