( 2 votes, average: 3.2 out of 5)
What do you think about this article? Rate it using the stars above and let us know what you think in the comments below.

Law firm will have to divulge how much it paid contract lawyers in Citigroup case

Kirby McInerney, a New York-based plaintiffs' firm, will have to disclose how much it paid the contract attorneys that it hired in its class action lawsuit against Citigroup.

U.S. District Judge Sidney Stein made the ruling on February 28 in Manhattan. Ted Frank, a Citigroup shareholder, made the request for discovery against the firm. He is well known in legal circles for his efforts to reform the way class action lawsuits are handled.

His fight against Kirby McInerney began when the law firm was able to get Citigroup to agree to a settlement of $590 million on behalf of its clients. The agreement resolved claims related to the toxic mortgage assets.

Frank in his lawsuit said that the firm's fees were excessive when it sought almost $100 million in legal fees, including some amount for the use of outside contract attorneys. Frank's argument is that these contract attorneys are usually paid around $50 per hour while the law firm billed their work as being of $1000 per hour and the work performed was document review work.

Kirby McInerney has however said that Frank had “denigrated” the work performed by contract attorneys and the work that they had done was in fact, often the same as performed by firm associates.

Kirby McInerney LLP


Featured Testimonials

LawCrossing is completely dedicated to lawyers and attorneys. It has a wide array of job openings for all positions.


LawCrossing Fact #96: We can’t promise you a job, but we can promise to make the job search a whole lot easier!

Let's Do It!

Only LawCrossing consolidates every job it can find in the legal industry and puts all of the job listings it locates in one place.

  • We have more than 25 times as many legal jobs as any other job board.
  • We list jobs you will not find elsewhere that are hidden in small regional publications and employer websites.
  • We collect jobs from more than 250,000 websites and post them on our site.
  • Increase your chances of being seen! Employers on public job boards get flooded with applications. Our private job boards ensure that only members can apply to our job postings.

Success Stories

I was incredibly happy with the site. I thought it was very easy to use; had significantly more postings than any other site (or combination of sites); and provided a lot of useful information. (the number, and caliber, of job postings). Exactly what I was looking for – I have 5 years’ experience and was looking for a lateral move or an in-house position, and that’s exactly what I found!
  • Sarah E. Potter Louisville, KY