The law firms working on various pieces in the Lehman Brothers bankruptcy have begun submitting their fee applications, and the early returns are fittingly big for the largest and most complicated Chapter 11 in U.S. history. Legal fees and expenses covering the period from Sept. 15, 2008 (the day Lehman died) through Jan. 31, 2009, total more than $84 million. Leading the way is Weil, Gotshal & Manges, Lehman's lead counsel, which has so far billed the bank $55 million for 100,296.40 hours of work.
The Lehman Legal Bill: $84 Million and Counting
The American Lawyer
April 15, 2009