Simpson Thacher earns $300k for Treasury bailout
Simpson Thacher & Bartlett will bill the US Treasury $300,000 (£174,000) for its role on the government’s $700bn (£405.5bn) financial markets bailout. The fees, stipulated in the US Treasury Department’s contract with the New York firm, equate to approximately $79 (£45.76) per hour in a deal expected to involve 3,760 hours of work over the […]