Simpson Thacher & Bartlett will make $300,000 over the next six months for its work as the Treasury Department's lead adviser on the feds' bailout plan, according to a contract released by the department. In its pitch, Simpson told Treasury the firm could do the work in about 40 percent fewer hours than the 6,267 the Treasury Department anticipated in its solicitation letters, according to the contract.
Simpson Thacher to Get $300,000 From Treasury Department for Bailout Work
The American Lawyer
October 20, 2008