The Lawyer’s new China Elite report contains the most detailed research available on the PRC legal market and contains unparalleled insight into the country's leading law firms. They vary in size, practice focus and geographic coverage, but they all share one common quality – ambition... 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.
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.