The law firms involved on Global Crossing have billed almost $13m (£8.3m) in fees in the months following the beleaguered company's decision to file for Chapter 11 bankruptcy
Fee applications filed with the New York court indicate that Weil Gotshal & Manges, which acts for Global Crossing, asked the court to clear almost $4m (£2.6m) in fees relating to the period between 28 January and 30 April. Debevoise & Plimpton was the largest biller. It acted on the shareholder suits and government investigations brought against Global Crossing. Between 12 February and 30 April Debevoise billed more than $6m (£3.8m). The other $3m (£1.9m) has been claimed by smaller firms. New York's Brown Rudnick Berlack Israels, representing the committee of unsecured creditors, billed $2m (£1.3m) between 7 February and 30 April. Weil Gotshal is acting for Enron, the biggest bankruptcy the US had ever seen, Global Crossing and most recently for WorldCom, which took over Enron's dubious mantle. The firm has so far requested at least $26m (£16.6m) in Enron-related fees and expenses.