Law, Legal and Lawyers' News
Bankruptcy cases are lucrative for lawyers, other professionals
added by North Dakota Lawyer
in Attorneys' Support Services Lawyer
@ Nov 22, 2009 06:06
Bankruptcy cases are lucrative for lawyers, other professionals. The lead bankruptcy attorney for Circuit City Stores Inc. charges $945 per hour, or $15.75 a minute. The restructuring firm supervising the dismantling of LandAmerica Financial Group Inc. routinely bills the bankrupt company about $1 million a month for its services, including between $60,000 and $70,000 a month for travel and lodging expenses.
