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Bloomberg reports that U.S. Bankruptcy Court Judge Kevin Carey has ruled that Sidley Austin’s lawyers may collect a maximum of $925 an hour for bankruptcy work on Tribune Co., instead of the $1,100 the firm originally requested.
Judge Carey reportedly said in a hearing today that any bankruptcy lawyer who tries to charge $1,000 an hour will need to prove he or she is worth that much. “To the extent that this applicant or any other hits that mark I will require evidence in support of that rate,” Carey said."
http://www.bloomberg.com/apps/news?pid=20601087&sid=a9IvitqCh_ZQ&refer=home
Bloomberg reports that U.S. Bankruptcy Court Judge Kevin Carey has ruled that Sidley Austin’s lawyers may collect a maximum of $925 an hour for bankruptcy work on Tribune Co., instead of the $1,100 the firm originally requested.
Judge Carey reportedly said in a hearing today that any bankruptcy lawyer who tries to charge $1,000 an hour will need to prove he or she is worth that much. “To the extent that this applicant or any other hits that mark I will require evidence in support of that rate,” Carey said."
http://www.bloomberg.com/apps/news?pid=20601087&sid=a9IvitqCh_ZQ&refer=home