People v. Bond Street Savings Bank
New York Supreme Court
Reference to ascertain the proper compensation to be awarded to the counsel for Willis S. Paine, receiver of the Bond Street Savings Bank, for their professional services from September 26, 1876, to January 1, 1881.
1Opinion of the Court
James M. Varnum, Referee.
The value of legal services rendered in any ordinary suit or transaction is usually settled and adjusted between the parties, who, from their familiarity with the business from its inception to its close, are the most competent to judge of their value, namely, the lawyer who has rendered the services and the client who is to pay for them.
If they concur in their estimate of value their agreement is final, and it is no concern of the public as to what standard or measure of value may have been the basis of that agreement.
If they do not concur, and it falls to the court…
2Cases cited4 opinions
- Betts v. BettsNew York Supreme Court · 1878
- Garfield v. KirkNew York Supreme Court · 1873
- Rose v. SpiesSupreme Court of Missouri · 1869
- Stow v. HamlinNew York Supreme Court · 1855
3Cited by4 opinions
- In Re Estate of HoymanAppellate Court of Illinois · 1960
- In re the Assignment of BicknellNew York Supreme Court · 1900
- In re the Judicial Settlement of the Account of O'NeillNew York Surrogate's Court · 1899
- In re the Judicial Settlement of the Account of O'NielNew York Surrogate's Court · 1899