Mar 18, 2010
Law Firms Protest Lehman Fee Committee’s Cuts in Legal Bills
The legal fee dispute between the Lehman Brothers estate’s fee committee and key law firms working on Lehman’s bankruptcy gained momentum this week, when three firms — Milbank, Tweed, Hadley & McCloy, Jones Day and Curtis, Mallet-Prevost, Colt & Mosle — filed papers protesting the committee’s reductions of their bills. The main argument — in terms of controversy and dollars — centers on how much the firms are billing to prepare their bills.