Bloomberg reports that U.S. Bankruptcy Court Judge Kevin Carey capped Sidley Austin's legal fees at $925 per hour for their work on the Chicago Tribune bankruptcy case.
Certain lawyers working on that case had originally requested $1,100 per hour, but the Judge capped them at $925.
That is outrageous. How is anyone worth $1,100 per hour? Except heart surgeons. Under the right circumstances, I would pay a good heart surgeon $1,100 for an hour of his time.
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Not to mention charging that fee in a bankruptcy case no less.
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