Lodestar Methodology for Determining Reasonable Attorney Fees is Rejected
Fla.Stats. §736.0708(1) tells us that unless the trust agreement says different, “a trustee is entitled to compensation that is reasonable under the circumstances.” The statutes do not tell us how to compute what is “reasonable.”
Back in 1958, the Florida Supreme Court, in West Coast Hospital Ass’n v. Florida National Bank of Jacksonville, 100 So.2d 807 (Fla. 1958), listed out the factors that should determine what is reasonable for this purpose. These factors are: …
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