You can observe a lot by watching, as the great Yogi Berra has said. So, let’s keep looking at the request for $47.9 million in additional legal fees that has just been filed by Madoff trustee Irving Picard and his law firm, Baker & Hostetler LLP. It makes us here at the Financial Fraud Law Blog and the Financial Fraud Law Report recognize the incredible scope of this financial fraud. One of the things that strikes us is the sheer number of lawyers at Baker who work on the case. There are about 117 partners and counsel at the firm who worked on Madoff during the four month period covered by the $47.9 million fee request, and close to 200 associates. Not to mention dozens of paralegals, clerks, library staff and other non-legal staff. More in Financial Fraud Law here.
