Jones Day objects to "excessive" fees submitted by Proskauer and Dewey on MF Global administration

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  • Instead of just picking a number subjectively why not engage the services of an independent legal auditing company. That way all the fees and documented expenses can be reviewed and analyzed in order to objectively ascertain what each law firm should recover. By auditing all the legal fees and expenses against billing protocols that have already been adjudicated and other billing standards all parties will be assured to receive just compensation for their respective services. This is the only fair and just way to determine what to pay and alternatively what should not to pay each law firm. It is the only fair thing to do and by using a litigation ready audit report , if necessary , all parties will be justly compensated without the application of any type of guess work with leads to the judge having to render an opinion without the benefit any type of objective analysis. Our company founded the legal auditing industry and have been engaged in this type of work for 30 years and I believe all parties to this matter are familiar with our services and our independent objective audits. Hopefully all parties will agree to do the right thing and get this situation resolved sooner then later thereby drastically reducing the negative press.

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  • This is obviously a high level summary of Jones Day's objections so it's some leap to say that they've "just [picked] a number subjectively." In any case, the article highlights that have indeed asked the court to "appoint a fee examiner to investigate the work performed by the lawyers."

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