General Motors has paid out more than $80m (£49m) over the past six months to the three firms advising on the troubled automaker’s Chapter 11 case, reports the Am Law Daily.
Weil Gotshal & Manges, Jenner & Block and Honigman Miller Schwartz and Cohn have all filed their applications for employment as counsel to GM. As lead bankruptcy counsel, Weil Gotshal has the lion’s share of the billings at more than $54m (£33m) – roughly equivalent to the $55m that Weil billed Lehman Brothers between September 2008 and January 2009.
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