Advisers working on the US bankruptcy of Dewey & LeBoeuf have racked up fees of more than $14m (£8.6m), according to new filings.
Dewey’s bankruptcy counsel Togut Segal & Segal billed more than any other consultant since the US firm collapsed last May, putting in a request for fees totalling $4.71m (£2.9m). This includes legal fees of $4.66m (£2.87m) and expenses of $50,200 (£30,900).
Brown Rudnick, legal adviser to the unsecured creditors’ committee, billed $1.9m (£1.17m) in fees and an extra $111,000 (£68,300) in expenses, giving a total of $2.006m (£1.23m).
Meanwhile, turnaround firm Zolfo Cooper, whose US head Joff Mitchell acted as Dewey’s chief restructuring officer, has billed $3.66m (£2.25m) in fees and expenses since the law firm’s collapse.
Deloitte’s fees for its job as financial adviser to the unsecured creditors’ committee totalled $653,178 (£401,900) including expenses.
Other advisers whose fees were disclosed in the December filings include financial advisory group Goldin Associates, special consultant to the firm, and Kasowitz Benson Torres & Friedman, lawyers to the official committee of former partners.
The figures exclude fees billed by CMS Cameron McKenna, which has been advising Dewey’s UK LLP.