Today’s large cases often generate substantial legal fees. A prime example of this current trend is the recent application filed by Ropes & Gray in the New York bankruptcy court in which the firm is requesting approximately $10.9 million in attorney fees for five months of work representing the official committee of unsecured creditors in the Chapter 11 bankruptcy case involving Sabine Oil & Gas Corporation. This is the firm’s second application for compensation in the bankruptcy case.
Houston-based Sabine Oil filed its bankruptcy in the U.S. Bankruptcy Court for the Southern District of New York on July 15, 2015. Jonathan Henes, a New York partner with the firm of Kirkland & Ellis, is the lead attorney representing Sabine Oil in the case. Sabine Oil is an independent oil and natural gas company engaged in the acquisition, development, exploitation and exploration of oil and natural gas properties onshore in the United States. Its operations are focused into three core geographic areas: South Texas, targeting the Eagle Ford Shale formation; East Texas, focusing on the Cotton Valley Sand and Haynesville Shale formations; and North Texas, targeting the Granite Wash formation.
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