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Supremes Allow Paralegal Fees Recovery At Market Rates

Client Alert | less than 1 min read | 06.03.08

Reversing contrary Board and Federal Circuit rulings, the Supreme Court in Richlin Sec. Serv. Co. v. Chertoff (June 2, 2008, http://www.supreme courtus.gov/opinions/07pdf/06-1717.pdf) unanimously ruled that the Equal Access to Justice Act allows a client to recover market rate paralegal fees charged to the client, not just the cost of the paralegal to the attorney retained by the client. The Supreme Court ruled that paralegal fees are implied in the term "attorneys fees" in the statute and are subject to the same per-hour limitations.

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Client Alert | 6 min read | 08.11.26

Lending Against Digital Assets: Five Key Takeaways for Lenders After a Year of Regulatory and UCC Change

Over the past 18 months, the federal banking agencies have clarified supervisory expectations for banks’ crypto-asset activities, and several of the largest U.S. banks have announced programs accepting Bitcoin and Ether as loan collateral. Separately, on June 3, 2026, New York’s enactment of the 2022 amendments to the Uniform Commercial Code took effect, changing the rules governing the perfection of a security interest in digital asset collateral in New York, the jurisdiction whose law governs most institutional credit documentation. Together, these developments may create significant opportunities for lenders navigating the complexities to comply with the newly enacted statutes. This alert surveys the current landscape, from regulatory permissibility and perfection through custody, structuring, and compliance, for institutions active in this market or considering entering it....