In-House Attys Fire New Salvo In Battle Over Law Firm Fees
Law360, New York (March 18, 2013, 8:00 PM EDT) -- The nation's largest association representing in-house counsel — a vocal advocate for driving down law firm bills — has for the first time jumped into an ongoing legal fee battle, lobbying a federal judge overseeing a securities class action against Citigroup Inc. to reject the plaintiff lawyers' $100 million fee request.
The friend-of-the-court letter filed as part of a $590 million class action settlement arising from Citigroup Inc.'s allegedly faulty collateralized debt obligations represents the Association of Corporate Counsel's new interest in engaging the judiciary directly to push for closer monitoring of fee requests, said ACC vice president and chief legal strategist...
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