In its third filing detailing its work on the Sears bankruptcy, Weil, Gotshal & Manges billed over $7 million for the month of December.
That’s down slightly from the $10 million the firm billed for November. And it was also a more relaxed month for paralegal Keri Grant, who stood out for the eye-popping 431 hours she managed to bill in November. With 171 hours, Grant was still the busiest paralegal on the team in December, but was still outworked by nearly a dozen partners and associates.
This time around, corporate associate Anne Catherine Podolsky took the crown for the most hours, putting in more than 248 hours at $995 an hour for an overall total of $247,000.
The biggest share of the bill, meanwhile, came from business finance and restructuring department co-chair Ray Schrock, who put in 196.5 hours at $1,550 an hour for a tally of $304,575. Business financing and restructuring partner Jacqueline Marcus, who led Weil’s partners in November with just short of 225 hours, stayed busy in December, with over 176 hours.
From Sears’ Oct. 15 Chapter 11 filing in Manhattan federal bankruptcy court through the end of 2018, Weil has now billed over $22 million. A spokeswoman from Weil did not respond to a request for comment
As other fee statements continue to trickle in, Deloitte has joined the cast of law firms—namely, Wachtell, Lipton, Rosen & Katz and Paul, Weiss, Rifkind, Wharton & Garrison—accountants and other consultants with a hand in the bankruptcy process. A filing from last week is the Big Four firm’s first, detailing just over $1 million in work from the middle of October to the end of November.
While over 40 Deloitte Tax LLP professionals recorded hours over that span, the biggest biller and the highest rate earner on the team are both attorneys. Partner Elias Tzavelis put in over 141 hours at $850 an hour for a total of $120,105. And principal Jonathan Forrest, formerly chair of the affiliated and related committee of the ABA Tax Section, put in the most time of the three Deloitte professionals billing at $975 an hour: more than 62 hours, for over $60,000 in fees.
While bar regulations preclude Big Four firms from providing legal services in the United States, their tax teams are loaded with attorneys. And many lawyers bounce back and forth between law firms and the Big Four: in recent months, Weil has made two hires from KPMG’s tax practice, led by tax department co-chair Joseph Pari, while Baker & Hostetler tapped an attorney from EY and Mayer Brown looked to PwC.