The Lawyer Africa Elite 2014 features an in-depth look at 46 leading independent firms’ strategies in 15 key sub-Saharan jurisdictions, as well as the views of in-house counsel from some of Africa’s largest companies... Read more
This year, The Lawyer’s annual ranking of the largest UK law firms by turnover is available as an interactive, digital benchmarking tool. For the first time this will allow you to manipulate each data set against the metrics of your choice.
A swathe of US law firms could net up to $144.5m (£82.4m) in legal fees from Delta Air Lines' Chapter 11 restructuring.
The projection of legal costs come after nine law firms petitioned a New York bankruptcy court judge to approve almost $31m (£17.7m) in initial work. The amount covers the first four and a half months, from 14 September 2005 to 31 January 2006.
Lawyers have hinted that legal fees could reach up to $144.5m if the bills continue at the same rate until the airline exits bankruptcy. Delta is expected to exit Chapter 11 by June 2007, but the airline has not confirmed this publicly.
Davis Polk & Wardwell, Delta's lead bankruptcy and restructuring adviser, leads on legal fees, requesting $10.9m (£6.2m) in fees and expenses for this first period.
Other firms are Akin Gump Strauss Hauer & Feld ($4.8m (£2.7m)); Alston & Bird ($498,000 (£284,000)); Debevoise & Plimpton ($7.8m