The following excerpt is from 29-33 Convent Ave. Hous. Dev. Fund Corp. v. Simona Bost 29 Convent Ave., 2016 NY Slip Op 30004 (U) (N.Y. Civ. Ct. 2016):
met its burden in the mocing papers. Courts typically use the "Lodestar" method to determine reasonable attorneys' fees, which calculates the total by multiplying the number of hours spent by a reasonable hourly rate (Hensley v. Eckerhart, 461 US 424).
The court can consider relevant factors in determining the reasonable fees to be awarded including the nature and extent of the services, the actual time spent, the necessity thereof, the nature of the issues involved, the professional standing of counsel, and the results achieved. The court can even make appraisals and employ its own knowledge and experience to make assessments regarding reasonable and proper fees given the extent of services rendered and reasonable value thereof (Jordan v. Freeman, 40 AD2d 656).
The above passage should not be considered legal advice. Reliable answers to complex legal questions require comprehensive research memos. To learn more visit www.alexi.com.