Business of Law

Weil Gotshal Clocked $300K a Day on Lehman; Total Bill Now Nears $150M


As law firms struggled in a difficult economy last year, Weil Gotshal & Manges had the advantage not only of being a big name in a hot practice area but having a blockbuster client.

The firm has billed some $300,000 a day on the Lehman Brothers bankruptcy case, racking up a total bill, over 16 months, of nearly $150 million, reports Legal Week.

That total bill represents a slowdown from the blistering page in the earlier half of 2009, however:

Last year, the firm billed 86,000 hours on the Lehman matter from February through May and had requested a total of $100 million in fees and costs by August.

Related coverage:

ABAJournal.com: “Some Top Lawyers Bill More than $1,000 an Hour for Bankruptcy Work”

Bloomberg: “Weil Gotshal’s Miller Says Real Estate Bankruptcies May Grow”

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