What is the lodestar for attorneys in a personal injury case?
MultiRegion, United States of America
The following excerpt is from In re Tremont Sec. Law, 19-967-cv (2nd Cir. 2020):
1. The lodestar is the amount of attorneys' fees calculated by multiplying the number of hours reasonably spent on a matter by an appropriate hourly rate. See Goldberger v. Integrated Res., Inc., 209 F.3d 43, 47 (2d Cir. 2000). In certain circumstances, a court may then award the attorneys a premium by applying a "multiplier" to the lodestar amount. Id.
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