Bankruptcy, Bonuses, Wall Street

Weil Gotshal Attorney Fees From Lehman Bankruptcy

By  
on

Bloomberg News is reporting that the train wreck formerly known as Lehman Brothers filed an application to pay Weil Gotshal attorneys a whole boatload of cash:

The investment bank asked for court approval to pay $650 to $950 an hour for partners and counsel, $355 to $595 for associates and $155 to $295 for paraprofessionals.

A year ago, the WSJ Law Blog did a report on the Thousand-Dollar Bar. There were only six lawyers on that list. So while $950 an hour isn’t astronomical, it’s clear that Lehman is getting the most expensive bankruptcy money can buy.

At the upper end, $595 per associate hour is pretty good money as well.

Whenever we mention that Weil could be a bonus leader this season a smart commenter always disagrees:

Weil will never be a bonus leader because there is concern at the firm that it would seem unsightly by the firm’s bankruptcy clients to lead the market with bonuses

Good point. Still, there is a lot of money floating around Weil these days. Are you sure that they won’t trickle cash rewards down on associates?

Sponsored

We’ll wait and see.

Weil May Get $950 an Hour for Lehman Bankruptcy Work (Update1) [Bloomberg]

The Law Blog Thousand-Dollar Bar [WSJ Law Blog]

Earlier: Weil Gotshal Produces The Mother Of All “We’re Awesome” Emails

Sponsored

Bonus Time

Enter your email address to sign up for ATL's Bonus & Salary Increase Alerts.

Topics