It’s been a good time to be a bankruptcy lawyer. Though it’s been almost three years since the economy began its meltdown, several massive bankruptcies are continuing to generate big fees for attorneys.
Take, for instance, the Lehman Brothers Holdings Inc. bankruptcy, which — as widely reported by major news outlets — crossed the $1 billion fee threshold several months ago. Lawyers are earning more in the Lehman bankruptcy because the largest-ever Chapter 11 case involves restructuring $639 billion in assets and $613 billion in debt.
