“Time To Play Offense”, What’s The Plan?, and “A+” for AI 2/8/23
The Exchange
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FTX Bankruptcy Lawyer Fees - What Can You Tell Us?
Five law firms are requesting a total of $20 million for work that they conducted in the month and a half between FTX's November 11 bankruptcy and the end of 2022. Sullivan and Cromwell, the lead law firm for FTX, is billing $9.6 million just for work between November 12th and November 30th. And to put those numbers in some perspective here, the collapse of Lehman Brothers was the most expensive bankruptcy in history with lawyers charging and astonishing $6 billion in fees.
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