World’s largest law firm piling up crypto bankruptcy work
Kirkland’s highest-paid Voyager lawyer charges $2,000 an hour
Kirkland & Ellis charged crypto broker Voyager Digital Holdings Inc. $3 million in less than a month for work on the company’s closely-watched Chapter 11 bankruptcy case.
Kirkland, the world’s largest law firm by revenue, is representing Voyager and fellow crypto company Celsius Network LLC in separate bankruptcies. The cases raise important questions about how crypto assets are handled in corporate reorganizations.
Kirkland charged Voyager a retainer of $1 million on June 17 and requested $2 million more by July 1, according to a court document filed Wednesday. The company had used just more than $2 million of Kirkland’s legal services by July 5, leaving them a cushion of about $870,000.
The firm’s highest-priced lawyer, who was not identified, is charging $1,995 an hour for work on the case, according to the court filing. A handful of well-known lawyers in...
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