Friday, February 20, 2009

Fees capped at $925 per hour in Tribune bankruptcy

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.

1 comment:

Dexter J. Evans said...

Not to mention charging that fee in a bankruptcy case no less.