July 05, 2023  SEONews

Wake Up Call: McDermott Bills Voyager Creditors $16.4 Million – Bloomberg Law

Welcome to Bloomberg Law’s Wake Up Call, a daily rundown of the top news for lawyers, law firms, and in-house counsel.

  • McDermott Will & Emery recently submitted a $5.1 million bill for its work from March to May 2023 for the committee of unsecured creditors of bankrupt crypto firm Voyager Digital Ltd, at a $1,026.76 hourly rate. The latest bill brings McDermott’s total billing to the committee to $16.4 million, according to reports citing a July 3 filing. Big Law bankruptcy lawyers have been some of the biggest winners from the crypto sector’s problems. (The Crypto Times) (CoinTelegraph) (CoinJournal)
  • Completed law firm mergers remain below their historical average, but they will likely pick up speed in the year’s second half and into 2024, according to a report. (Fairfax Associates)
  • Troutman Pepper Hamilton Sanders chair Steve Lewis is reportedly stepping down and will be replaced by the firm’s current managing partner, Tom Cole. (Legal Intelligencer)
  • Latham & Watkins is…

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source: https://news.oneseocompany.com/2023/07/05/wake-up-call-mcdermott-bills-voyager-creditors-164-million-bloomberg-law_2023070547214.html

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