Tribune Lawyers Piling Up Fees
March 31, 2010 at 4:32 AM (PT)
The LOS ANGELES TIMES reports that lawyers in the TRIBUNE CO. bankruptcy have billed $138 million since the proceedings started 15 months ago. The amount is equal to about a quarter of the company's cash flow, with lead debtor's attorney SIDLEY AUSTIN billing close to $25 million at a rate of $925/hour.
Judge KEVIN CAREY warned lawyers in the case last year against charging over $1,000 per hour.