“Of substantial note: class counsel defended their fee request excesses by saying everyone does it.” Center for Class Action Fairness President and Manhattan Institute Center for Legal Policy Adjunct Fellow Ted Frank, blogging about a district court decision to reduce class counsel fees in securities litigation, including a request to bill the document-review work of contract attorneys at about $900 per hour. These attorneys are apparently paid $25 per hour.

PointofLaw.com, August 2, 2013.