Wednesday, November 9, 2005
Lawyer fees have long been an area of concern, and not merely to the client who is paying the bill. From cases involving forfeiture of attorney fees, to cases of attorneys needing to file Form 8300 for the receipt of over $10,000 in cash, lawyers have struggled in white collar cases to protect their hard- earned money.
For clients and their friends, the way the money is "assembled" can also be problematic. "Scooter" Libby is finding this out as the NYTimes reports here on the fund he has created to assist in the collection of legal fees. Will people be paying money to placate Libby, and will Patrick Fitzgerald want the names of contributors? And if the money does not get used (hypothetically, if perhaps the case is dismissed early on), who gets to keep the money?