What Weil Wants for Lehman Bros. Bankruptcy Work: $355 to $950/Hour
Nice work if you can get it: In a fee application filed yesterday in federal bankruptcy court in New York, one of the nation’s most renowned corporate bankruptcy law practice groups revealed what it hopes to get for its work in the nation’s biggest bankruptcy case.
The petition by Lehman Brothers seeks court permission to retain Weil Gotshal & Manges at billable hourly rates of $650 to $950 for partners and counsel, $355 to $595 for associates and $155 to $295 for paraprofessionals, reports Bloomberg.
The New York-based international law firm has represented the investment bank for 24 years in financial matters, and its “past experience with Lehman is particularly valuable because of the extraordinary complexity of the debtors’ business operations,” the filing says.
The firm’s bankruptcy practice is led by partner Harvey Miller.
Related coverage:
ABAJournal.com: “How a Lehman Bankruptcy May Unfold With Weil Gotshal’s Help”
