Monday, October 13, 2008

15 Men on a Dead Man's Chest - $1 Billion in Legal Fees!

"...ho, ho, ho and a bottle of rum."

AmLaw Daily reports that, according to court documents made public Wednesday, the firm received a $5 million advance in September for work leading up to the bank’s bankruptcy filing. ...

But that $5 mil could be peanuts. AmLaw Daily notes that UCLA law prof Lynn LoPucki, estimates advisory and legal fees could come to $906 million, according to Bloomberg reports.

-law blog


We are a service economy. Full service economy (@ $950/hr).

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