A recent American Lawyer story, “Jones Day Earns $17 Million in Detroit Bankruptcy So Far,” reports that the city has paid out $17.3 million in attorney fees to Jones Day to date in the Chapter 9 case.  Nearly $2 million more in outstanding invoices submitted by Jones Day have yet to be paid.

Other law firms playing roles in the Detroit bankruptcy (and the fees they have earned so far) include labor and employment counsel Butzel Long ($292,833); Foley & Lardner ($340,174); conflicts counsel Pepper Hamilton ($594,633); and retiree committee counsel Dentons ($3.2 million).

The city has paid out nearly $42 million in professional fees so far.  The list of those being paid includes 41 advisers, 10 of them law firms, that are in line to ultimately earn a collective total of more than $89.3 million under their existing contacts.  Court appointed fee examiner Robert Fishman is monitoring the fees associated with the Detroit bankruptcy. 

NALFA also report on this case in “Judge Appoints Fee Examiner in Detroit Bankruptcy Case” and “Detroit’s Legal Fees Could Top $100M in Chapter 9 Bankruptcy”