In the first four months of the Enron bankruptcy case, 12 law firms amassed nearly $64 million in fees and expenses. Counsel have poured tens of thousands of hours into the case, some billing at hourly rates topping $700. And it's just the beginning. Weil Gotshal partner Thomas Roberts anticipates "larger and even increasing legal bills." But don't be blinded by the appearance of staggering fees, say experts and academics.
July 09, 2002 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
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