Tag: Weil

  • The Economics of Lehman

    Posted by

    So Lehman has commenced yet another adversary proceeding, this time to recover a preference. The alleged preference is for $206,000.

    The complaint has three attorneys on it:  two partners and an associate. The associate bills out at $630 per hour

    If the defendant can spend more than 325 hours on discovery — about four weeks (using the standard 80 hour workweek in NYC) — who is going to try the case?

    (And that's assuming the partners never look at the adversary again — and ignoring time already spent on the case).