Madoff trustee wants $43 million more in pay

April 19, 2011 – “The chief executive and founder of Sterling Analytics, which analyzes legal fees, said there are ‘too many attorneys on the case, all with very high average hourly rates.'”

An attorney who drew his information from summaries produced by the Securities and Exchange Commission, said the lawyers were being paid an average hourly rate of $549. He said the charges include $65,000 for online research, which is the highest he’s ever seen for one case, as well as $32,000 for copying and $10,000 for meals.”

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