Overall, Alvarez & Marshall, the restructuring specialists, have charged $326m in fees for “interim management”, according to recent figures filed with the Securities & Exchange Commission for 22 months’ work.
Lehman Brothers’ lead bankruptcy law firm, Weil Gotshal & Manges, have charged $212.3m, while Milbank Tweed Hadley & McCloy have been paid $61.1m for advising the bank’s credit committee.
