Friday, February 06, 2009

U.S. should cap lawyer fees while they're at it

U.S. should cap lawyer fees while they're at it
"Then there are the bankruptcy lawyers. For them, these are grand times.

The business of going under is one of the few booming ones these days, and fees paid to those who guide sick or dead companies through bankruptcy are, too.

Rates broke through the US$1,000-an-hour barrier for the priciest bankruptcy legal advice, running up to US$1,110 at Kirkland & Ellis LLP, based in Chicago."

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