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Lehman Brothers Legal Bill Continues to Grow

April 26, 2010 | Posted in : Bankruptcy Fees / Expenses, Legal Bills / Legal Costs

A recent article, “Lehman Brothers Bankruptcy Bill Approaches $750 Million – and Counting” reports that the latest legal bill in the Lehman Brother bankruptcy is in and it’s approaching $750 million and might possibly be on it way to $1 billion, according to documents Lehman filed with the SEC.  Through January 2010, law firms had billed about $311 million of the $649 million total paid out to advisers since Lehman filed for Chapter 11 in 2008.  The biggest biller continues to be Lehman’s lead debtor counsel at Weil, Gotshal & Manges, which has billed the estate just short of $165 million.  Weil’s bill breaks down to about $300,000 a day since Lehman’s bankruptcy filing.  Other top billers include: Jenner & Block at $48.4; Milbank Tweed at $47.7 million; Jones Day at $20 million; and Curtis Mallet-Prevost Colt & Mosle at $15.8 million