Two Top Law Firms Disclose Billing Rates in Lehman Filings

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Two Top Law Firms Disclose Billing Rates in Lehman Filings

Posted Oct 23, 2008, 10:08 am CST
By Debra Cassens Weiss

Billing rates for top lawyers at two law firms involved in the Lehman Brothers bankruptcy are $950 an hour, according to disclosure papers filed with the court.

The two firms making the disclosure are Milbank, Tweed, Hadley & McCoy and Quinn Emanuel Urquhart Oliver & Hedges, the Am Law Daily reports.

Milbank’s top partners bill from $700 to $950 an hour, of counsel bill from $650 to $850, and associates and senior lawyers bill from $275 to $670, according to the disclosure document (PDF posted by the Am Law Daily).

Partners at Quinn Emanuel bill from $660 to $950, according to its disclosure (PDF filed by the Am Law Daily). Other lawyers, including of counsel, bill from $380 to $950.

Milbank is seeking to represent the official committee of unsecured creditors, and Quinn Emanuel is seeking to serve as special counsel to the committee if Milbank has a conflict, the AmLaw Daily says.

Milbank disclosed it has represented Lehman on “various matters” in the past, but it received a waiver to represent creditors of the investment bank.

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Posted by Clem Kalik - 2 months, 2 weeks, 2 days, 3 hours, 2 minutes ago

I thnk there’s money in them thar’ ‘hills, Clem.

I say let’s all go into banrkupcy law and get rich!

Then you can marry Ellen Barshevsky!
Posted by Joe - 2 months, 2 weeks, 1 day, 10 hours, 48 minutes ago

Hire a small business law firm in Boise, Toledo, South Bend, or Naples. You can get a partner with 20 years experience who only bills $300 an hour.

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