Attorney Fees
Donald Trump’s ‘Cash Cow’ Claim Against NYC Firm Moves Forward
Posted Apr 9, 2008, 06:16 am CDT
By Molly McDonough
In a legal malpractice case, real estate developer Donald Trump claims his Manhattan law firm overcharged him and treated him like a "cash cow."
Trump's suit against New York's Morrison Cohen claims the firm did unnecessary work to generate higher bills. Westchester County Supreme Court Justice Kenneth W. Rudolph allowed the case to move forward last month, the New York Law Journal reports.
"I have dealt with a lot of lawyers and paid a lot of legal fees," Trump told the legal publication this week. "I have a Ph.D. in legal fees. I know when fees are fair and when they are not."
Morrison Cohen chairman David Scherl, however, countered that has a sense of entitlement to a discount because of his celebrity.
"That may be significant to some firms," said Scherl, "but not to us."
The firm filed a counterclaim for $470,000 in unpaid fees. Trump is asking for $3 million in damages.
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Comments
Posted by Joseph B Mansour ,CPA, CFE, CEO, CFO - 2 months, 3 weeks, 6 days, 10 hours, 13 minutes ago
As a Forensic & Certified Fraud iExaminer & nvestigator, I have personal knowlege from law firms in our city of Cincinnati, that it is comon practice for attorneys to view,& review with subordinates on cases by setting up several layers of work schedule for the purpose of building legal fees. I applaud Trump for going after the law firm if in fact there is such a scheme. As I am trained in fraud investigation, it will take someone with my skills and inside understanding of billing schemes as well as business operations to obtain results. Pass my name to Mr. Trump.
Sincerly,
Joseph B Mansour, CFE, CPA, CEO, CFO
Certified Fraud Examiner, CFE
513-779-4200
Posted by Neil Gillespie - 2 months, 3 weeks, 5 days, 22 hours, 15 minutes ago
Kudos Mr. Trump. I sued my former lawyers too. You are correct that law firms overcharge clients and treat them like a “cash cow.” A lawyer’s fiduciary duty their client has become a quaint notion. The new standard is caveat emptor. State bar associations contribute to the problem by their inaction. There must be a better way.
Posted by Jonathan Scheiss - 2 months, 3 weeks, 4 days, 17 hours, 32 minutes ago
Methinks Trump doth protest too much! I can’t help but wonder if his company ever padded a bill doing whatever the heck they actually do in that Boardroom. I also heard he dumped that blond woman Katherine Kercher (from the TV show) when she started to became more of a celebrity than he was. How sad. Granted he gave her a start in the business, and she might never have amounted to a hill of beans without that start from him, but I could tell she actually had a brain between her ears and was fairly articulate. This was not just another disposable bimbo, but he dumped her anyway. So sorry---no sympathy here to Mr. Trump. He should save his legal fees and get a 21st Century haircut. someone should tell him and a few other guys that the 1980’s are EGGZ-OVER!. And, finally for at least 5 of the women lawyers in my firm who continue to fawn over him, give me a break. You’re not going to get anwhere with him. He has a pretty wife 1/2 his age, and no way is he going to look twice at any of you cows!
Posted by joe mama - 2 months, 3 weeks, 4 days, 14 hours, 3 minutes ago
Mr. Mansour, you are a tool.
Posted by Darius - 2 months, 3 weeks, 4 days, 13 hours, 48 minutes ago
LOL
Posted by You're fired - 2 months, 3 weeks, 4 days, 12 hours, 48 minutes ago
I object. I paid $14.00 for a trump tie at a local outlet store. I feel I overpaid by at leat four dollars. You’re all fired!!!!!
Posted by mike hunt - 2 months, 3 weeks, 4 days, 12 hours, 24 minutes ago
I think I’m going to buy a building from Trump, not pay him for it, then sue him because it was overpriced.
Mr. Fraud investigator, aka the tool (see above), I’m sure that you have never overcharged anyone and never had another party’s interest (such as another law firm that might have an interest in your “investigation” in mind (or in pocket) when investigating a company or firm.
Posted by new - 2 months, 3 weeks, 4 days, 7 hours, 28 minutes ago
To: fraud guy aka “tool” (above), who made you the arbiter of legal fees? The “view and review with subordinates” and “layers of work schedule” just might be called, running a law firm. (or in legalese, “practicing law") Of course, you wouldn’t know since you are a “fraud examiner” and not responsible for client retention, motion practice or presenting a legal argument to a court or jury. You are, at best, a hired hand who may or may not have to testify about your calculations at the direction and management of the lawyers who hire you. What are the chances I could examine your bill and cut it by 10% or 20% for reasonableness.
I can think of a lot worse description than tool, but because I’m a lawyer and a professional (not clerical worker such as a fraud invesitgator) I won’t suggest it here. By the way, what makes you think lawyers will want to run out and hire you because of your post on this blog?
Absurd.
Posted by william shatner - 2 months, 3 weeks, 4 days, 59 minutes ago
Mr. tool is a genius. Advertising your services re: knocking them lawyers down on their crazy law practices - on a blog for and by lawyers - is a brilliant move. Your judgment is so tremendous, I would totally hire you based merely on your bold choice of a target audience.
I also expect that you deduct from your final bill all charges for telephone conferences (screw that), reviewing notes of your analysis (you should have a perfect memory of everything you write down), case strategy meetings (that’s just bullshit) and research (based on the number of titles after your name, you shouldn’t need to look anything up anymore.) And, PLEASE do not even think about talking to me about travel; the mere suggestion raises my temperature.
After deducting these charges, I expect a further 20% discount based on my good looks.
funny thing tho that the one title that is missing after your name is a JD. But if you can convince me (free of charge) that having never worked at a law firm you know how to handle and bill any kind of a legal matter, and how to distinguish legitimate legal bills from padded ones - we got a deal.