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Valparaiso Univ. Law School

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Wednesday, April 15, 2009

The ACORN bus brigade will be there soon

The American Lawyer is reporting that lawyers working on the Lehman Brothers bankruptcy matter have already billed an amazing $84 million for the work done during the past four and a half months.  On an annualized basis, that's a nice $224 million in payouts for the lawyers, about what AIG paid out in total bonuses.

I don't really know why that comparison is relevant, but it did strike me as interesting.

[Frank Snyder]

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