Wednesday 15 December 2010

Lehman to Pay Jones Day $11.6 Million in Fees for Four Months' Litigation - Bloomberg: "Lehman Brothers Holdings Inc. will pay law firm Jones Day $11.6 million, plus almost $370,000 in expenses, for litigation in the four months from June 1 to Sept. 30, according to a court filing.
Robert Gaffey, a Jones Day lawyer representing bankrupt Lehman in the trial of Barclays Plc, charged $825 an hour for 798 hours in the period, according to today’s filing in U.S. Bankruptcy Court in Manhattan, which puts Jones Day’s total payments from Lehman at $43.4 million so far."

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