Kirkland nets US$20m fees from energy sector's biggest bankruptcy

December, 10 2014

Kirkland & Ellis has received $20.5m in fees and another $1.25m in expenses in its role as bankruptcy counsel to Energy Future Holdings Corp, the company that became the energy sector's biggest bankruptcy ever in April.

Electricity company Energy Future Holdings has generated large fees for insolvency lawyers ArtisticPhoto

Other firms are earning smaller amounts. Gibson, Dunn & Crutcher, special counsel to the Texas-based business, has earnt $630,000. Godfrey & Kahn SC, counsel to the fee committee, has received $580,000. Also working on the bankruptcy - as it files for Chapter 11 in the next few months - are Morrison & Foerster and Richards, Layton & Finger. Source: Bloomberg