Carla Hall and Victoria Kim of the LOS ANGELES TIMES reported last Friday that L.A. County Superior Court Judge Scott Gordon ordered Dodgers Owner Frank McCourt pay $225,000 a month in temporary spousal support to his estranged wife, Jamie, and an additional $412,159 a month in costs associated with the seven residences in her name.
(Fees don’t account for Lasorda’s porn per diem)
Jamie McCourt had asked for $988,845 a month to “maintain her homes and her lifestyle.”
If you thought that was jaw-dropping, then you missed this graf in the same story:
He (Judge Gordon) also ordered that an eighth property — land in Cabo San Lucas, Mexico — be sold and the proceeds split between the two McCourts for their legal fees. Jamie had requested about $9 million in legal fees.
Jamie McCourt filed for divorce on Oct. 27, 2009. Roughly six months ago.
For Jamie McCourt to claim $9 million in legal fees during that time period would mean that based on a lawyer working ten-hour days, every day for six months, she has so far paid $50,000 per day for legal representation. That’s $5,000 per hour.
Yes, I realize she has more than one lawyer and there are other associated costs with that representation. And that the McCourts have an extraordinarily complicated set of investments designed to game the tax system that have to be unwound.
But $9M for six months of work on a single divorce case?
What’s also interesting is that the judge would order the McCourts to sell one of their eight homes to pay legal fees. I wonder how Dodger fans feel about a couple who bought the L.A. franchise on borrowed money and then proceeded to extract $120 million in cash money from the team in tax-free loans to help in the purchase of those eight multi-million dollar residences?
The McCourts make Wall Street look like an Amish enclave.