Fees after Lehman collapse rise to US$ 3 billion

Weil, Gotshal & Manges is one of the leading professional firms that has benefited from a US$ 3 billion fee bill that has been paid in relation to the Lehman Brothers collapse in 2008.

13 September 2013

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About US $ 2 billion has been paid out in relation to the US collapse and another US $ 1billion has been paid in Europe. Harvey Miller, partner in Weil Gotshal which is the lead bankruptcy lawyer for Lehman, told the Financial Times: 'Lehman was global and extremely large. Within days, approximately 80 foreign receiverships and insolvency proceedings were commenced against Lehman.'