Business of Law
Weil Gotshal Clocked $300K a Day on Lehman; Total Bill Now Nears $150M
Posted Feb 25, 2010 2:22 PM CST
By Martha Neil
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.
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"