Aug 23, 2011, 11:34 AM EDT
Bill Shaikin has a rundown of all of the Dodgers’ legal expenses in the five weeks or so they’ve been in bankruptcy. It’s fairly mind-boggling.
Just one of the firms handing the Dodgers’ bankruptcy — Dewey and LeBoeuf — has thrown 29 lawyers, seven paralegals and ten support staffers at the matter and, in five weeks, have billed $1.7 million. Billable rates for the lawyers range from $385 an hour for the pissant associates to $1000 an hour for the big bad partners. That’s about 80% of the total legal bill the Dodgers have incurred. Another firm is working on the matter too.
With the caveat that (a) I don’t know anything about how the internal dynamics of a bankruptcy case really works; and (b) my experience in moderate-sized Midwestern law firms doesn’t exactly give me insight into what big coastal law firm billing is really all about — that does seem nutso to me. I mean, sure, this is complicated, but it’s not Enron or something. It’s a business that, until very recently, was a mom and pop operation.
- Felix Hernandez pounded as Mariners lose fourth straight 6
- Blue Jays manager John Gibbons will return in 2015 4
- HBT Daily: Why did Frank Wren get the axe? 2
- John Schuerholz defines “The Braves Way.” And it’s a pretty big pile of crap. 57
- And That Happened: Monday’s scores and highlights 26
- Frank Wren fired as Braves GM, John Hart to take over on an interim basis 42
- AND DOWN THE STRETCH THEY COME! Sizing up the final week of the regular season 36
- Must-Click Link: Derek Jeter opens up. Seriously, he really does. 46
- Geddy Lee’s baseball obsession makes it really hard for me to hate Rush (124)
- It certainly looks like Barry Bonds’ criminal conviction is going to be overturned (111)
- Ron Washington claims he resigned because he cheated on his wife (103)
- Giants CEO Larry Baer thinks advertisements on uniforms are coming soon (89)
- Umpire ejects jackwagon fan heckling Bryce Harper in Atlanta last night (87)