Posts Tagged ‘bankruptcy fees’

Cost more than a billion to go broke?

February 7, 2009

Some observers think that the Lehman Brothers bankruptcy may cost more than $1.4 billion in fees.  Others say it will cost only $800 million.  If the later, the estimates for the law firms involved are as follows: 

Weil, Gotshal & Manges, Lehman’s firm: $200 million

Milbank, Tweed, Hadley & McCloy, Firm for unsecured creditors: $200 million

Alvarez & Marsal, Firm winding down assets: $400 million