Client-Focused Management of Expectations for Legal Fees in Large Chapter 11 Cases

28 Am. Bankr. Inst. L. Rev. 39, 2020

54 Pages Posted: 25 Feb 2020 Last revised: 22 Jul 2020

See all articles by Nancy B. Rapoport

Nancy B. Rapoport

University of Nevada, Las Vegas, William S. Boyd School of Law

Date Written: February 19, 2020

Abstract

This article discusses the dynamics that create a disincentive for most parties to monitor fees in large chapter 11 cases and will then provide suggestions to inside counsel whose organizations find themselves involved in those cases — as the debtor, as a member of the creditors' committee, or as a secured creditor whose collateral is being tapped for the carve-out to pay the professionals' fees.

Keywords: Chapter 11, Legal Fees, Disincentives, Social Science, Legal Profession, Delivery of Legal Services, Legal Technology, General Counsel, Inside Counsel

JEL Classification: k00, k1, k10, k19, k2, k22, k23, k29, k39, k49, l29, l89, m20, m29

Suggested Citation

Rapoport, Nancy B., Client-Focused Management of Expectations for Legal Fees in Large Chapter 11 Cases (February 19, 2020). 28 Am. Bankr. Inst. L. Rev. 39, 2020, Available at SSRN: https://ssrn.com/abstract=3541347

Nancy B. Rapoport (Contact Author)

University of Nevada, Las Vegas, William S. Boyd School of Law ( email )

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