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.