The law firms and special advisors handling the FTX bankruptcy case charged a total of $38 million in fees in January

2023-03-07 15:06:46

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According to ChainCatcher news, court documents show that the law firms Sullivan & Cromwell, litigation special counsel Quinn Emanuel Urquhart & Sullivan, and Landis Rath & Cobb, along with consulting firm AlixPartners (which conducted forensic analysis on FTX's DeFi products and tokens), collectively charged $38 million in January for handling the FTX bankruptcy case.

Among them, Sullivan & Cromwell was responsible for asset discovery, disposal, analysis, and recovery, with fees amounting to $16.8 million in January (14,569 hours); Quinn Emanuel Urquhart & Sullivan charged $1.4 million, and Landis Rath & Cobb charged $663,995. These three law firms had over 180 attorneys working on the case, along with more than 50 non-attorney staff (such as paralegals). (source link)

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