In the first four months of the Enron bankruptcy case, 12 law firms amassed nearly $64 million in fees and expenses, according to compensation applications filed with the court.
Unique in size, complexity, scope and visibility, the Enron case and its fees are not off the charts – at least not yet – say bankruptcy experts, some of whom predict that lawyer bills may add up to hundreds of millions of dollars during the life of the case. Counsel have already poured tens of thousands of hours into the case, some of them billing at rates topping $700 an hour.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]
