Weil, Gotshal & Manges received a $5 million advance in September from Lehman Brothers for work leading up to the bank's bankruptcy filing, according to Weil's formal application this week to be retroactively hired as Lehman's bankruptcy lawyers. In a separate filing, Lehman sought to employ Curtis, Mallet-Prevost, Colt & Mosle as its conflicts counsel. The $5 million Weil has received could be a drop in the bucket -- one estimate expects Lehman to pay $906 million in legal fees.
Weil's Lehman Bankruptcy Bonanza
The American Lawyer
October 10, 2008