Monday, May 03, 2010

A few updates about bankruptcy fees.

In yesterday's New York Times, Nelson Schwartz and Julie Creswell wrote a fascinating article about the magnitude of bankruptcy fees, especially in the Lehman case (see here). 

Look:  I know how hard lawyers work, and I also know how non-lawyers perceive many of us.  (As does Eric Van Horn--see a piece we wrote for the ABI Journal here or here about handling the misperceptions of bankruptcy lawyers in the media.)

In a world of still-rampant unemployment, we need to remember that we don't have a lot of friends on the "outside" (the world outside bankruptcy law).  If we're not careful, we'll lose the friends we have on the "inside," too.

Here's a plug for an article I'm publishing with the University of Maryland's Journal of Business and Technology Law, an up-and-coming journal with author-friendly editors and a great work ethic.  My new article's called Rethinking Professional Fees in Chapter 11 Cases, and it explores why there are so many problems with the moving parts that make up fee requests.

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