WASHINGTON – A new audit report says that four major law firms failed to justify $8.1 million in legal fees that they charged the U.S. Treasury Department for work related to the financial crisis.
The report indicates that billing problems at law firms working for the Treasury Department have been more widespread than previously known. An earlier audit report in April spotlighted “vague and inadequate” fee bills submitted by a fifth law firm, Venable, but that report questioned a smaller amount, $677,000 (NYLJ, Apr. 15).
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