Debra Cassis Weiss at the ABA Journal has a post up this morning informing just how well the lawyers have done in the run-up to the General Motors bankruptcy filing, and the answer is very well indeed.The breakdown:
“General Motors has paid three law firms $80 million for work leading up to its bankruptcy filing.Nice to see someone doing well in this economy.
The biggest fee earner was Weil, Gotshal & Manges, which racked up $54 million in fees and expenses in the six months leading up to the filing, the Wall Street Journal reports. Its hourly fees range from $355 to $640 for associates, and from $650 to $950 for partners, the Am Law Daily reports…”
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