ContractsProf Blog

Editor: D. A. Jeremy Telman
Valparaiso Univ. Law School

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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