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Large Firms

Jun. 14, 2012

Rift forms among bankruptcy lawyers over fee guidelines

Proposed changes to the legal fee application guidelines governing large business liquidations have caused a rift among the California attorneys handling a recent string of law firm bankruptcies.


By Kevin Lee


Daily Journal Staff Writer


Proposed changes to the legal fee application guidelines governing large business liquidations have caused a rift among the California attorneys handling a recent string of law firm bankruptcies, with small firm lawyers supporting the reforms and large firm lawyers opposing them.


The draft guidelines are an effort to establish greater oversight, transparency and predictability of legal fees in large Chap...

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