as lawyers are we allowed to charge for certifying documents or witnessing affidavits?
We had the farcical situation of this about 2 years ago. Ended up being a huge lawyer circle jerk.
Mortgage document to be signed. Due to previous litigation, where some old Italian mama pleaded to some limp wristed left wing magistrate she didn't know what she was signing, the Bank got stiffed.
Bank lawyers now insist that the mortgage and company charge documents are witnessed by a lawyer, so the poor Buyer schmuck can't plead that they didn't know what they were signing.
Call up our lawyers. Oh no. Far too risky. We'd have to assume all that liability. Not worth it. Call around to 4 other firms. Oh no. Waaay too risky.
As usual, Banks have delayed and delayed the paperwork, such that this is the day prior to settlement....conveniently leaving no room or time for any negotiation whatsoever - mental note to thyself - OK, I'm learning for the future.
Call back original lawyer firm. They've taken advice from their Professional Insurance lawyers that this is not good. However, to get us out of a bind, they might be willing to send their junior most lawyer to do the job, but it would have to be at triple the partner rate - $ 1,100 per hour....to account for the huge risk they would be placing themselves under.
Barrel - me - strapped over - lawyer with time clock and large implement in hand - no KY jelly available - not a good look.
Decision time....throw away 4 months worth of DD, a rather large contracted deal, 2 months of negotiation with both the Vendor and the Bank and an entire family waiting to close the deal.....OR....agreed to absolutely outrageous terms to get the job done.
- Bank couldn't care less if the deal doesn't go thru or not.
- Bank lawyers couldn't care less if the deal doesn't go thru or not.
- My lawyers couldn't care less if the deal doesn't go thru or not.
- My lawyers PI lawyers couldn't care less if the deal doesn't go thru or not.
- All the other lawyers I contacted couldn't care less if the deal doesn't go thru or not.
As usual, the only one with significant moolah on the line cops it sweet to get the deal done.
I don't like being put in a position where one party's "insistence" on something doesn't correlate with them having to pay for it. It's easy to palm it off to the schmuck.
I learn from the Banking masters of negotiation on every deal. Still lots to learn before I am a complete and utter bar steward.