Jones Day bills for US$17m as Detroit fees soar

By Neasa MacErlean

08 May 2014 at 06:17 BST

Law firms and other professionals submitted bills of US$36m in Q4 of 2013 in the Detroit municipal bankruptcy as courtroom and other battles intensified.

Linda Parton

Mayor Kevyn Orr was a partner in Jones Day before taking on the role. Jones Day is the leading law firm in the bankruptcy and submitted bills of US16.6m for fees in the quarter, alongside expense claims of $734,000. Dentons billed for US$4.4m. There are 16 professional firms which are submitting bills as the city argues that it should reduce its US18b debt mountain and restructure. Source: Detroit Free Press


Also read...

Cryptoasset sector looks set to expand but will face roadblocks

Law firm offers cautiously optimistic outlook for cryptoassets, but despite success in 2018 raises doubts over ICOs.