Bloomberg reports that the $873.1 million in fees billed since the ongoing Lehman Brothers bankruptcy was filed in September 2008 would quadruple the annual payroll of the New York Yankees. According to a recent filing by the SEC, 17 law firms collectively will bring in at least half that amount, with almost $396.7 million being paid out by the debtor in the largest bankruptcy in U.S. history. Lehman’s lead counsel, Weil, Gotshal & Manges is by far the biggest earner on the matter. The firm’s Lehman haul now stands at nearly $200.6 million. Weil is not alone on the debtors’ side – 10 other law firms have roles advising what remains of Lehman Brothers. Here are some of the firms and their billings on the case since September 2008, according to Lehman’s 8-K filing:
Jones Day, special counsel for Asia and domestic litigation: $30.2 million.
Curtis Mallet-Prevost, Colt & Mosle, special conflicts counsel: $18.1 million.
Bingham McCutchen, special tax counsel: $12.8 million.
McKenna Long & Aldridge, special counsel for commercial real estate lending: $3.9 million.