Posts tagged as Bankruptcy

David Paige on Detroit’s Bankruptcy Fees

Posted On August 1st, 2013 by Legal Fee Advisors

The city of Detroit recently filed for the largest municipal bankruptcy in U.S. history, and with such a large bankruptcy filing comes the inevitable discussion of the associated legal fees. Legal Fee Advisors’ founder David Paige was asked to comment on the subject for a piece on the Westlaw Insider blog by Reuters Legal Reporter Tom […] Read More...

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Big Law Lay-Offs and the “New Normal”. Is the High-End Legal Service Market Shrinking? Or are Clients Imposing Fiscal Responsibility?

Posted On July 16th, 2013 by Legal Fee Advisors

There has been a lot of press regarding recent mass layoffs at Weil, Gotschal & Manges and downsizing at other “Big Law” firms.  The firm of 1,200 attorneys laid off 60 junior lawyers and 110 non-lawyers (roughly half secretaries).  The firm is also reducing compensation for 30 of 300 partners, who, per the 6/24/2013 NY […] Read More...

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Legal Fee Advisor’s David Paige Quoted in The Deal Pipeline

Posted On July 16th, 2013 by Legal Fee Advisors

The U.S. Department of Justice recently announced a large-scale overhaul of bankruptcy billing guidelines, which will take effect on November 1, 2013. This Reuters article explains in detail some of the key changes, which are the first of their kind since 1996. Legal Fee Advisor’s own David Paige recently spoke with Aviva Gat, Senior Reporter: […] Read More...

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U.S. Bankruptcy Judge Overseeing Dewey & LeBoeuf Chapter 11 Approves $17 Million in Fees and Expenses

Posted On July 8th, 2013 by Legal Fee Advisors

As reported by Sara Randazzo in the Am Law Daily, U.S. Bankruptcy Judge Martin Glenn has approved  9 pending applications totaling 17 million in fees and expenses in the Dewey & LeBoeuf bankruptcy.   The applications were submitted prior to the enactment/effective date of the Department of Justice’s new billing guidelines for Attorneys in Larger Chapter […] Read More...

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