After 1 Year, FTX Bankruptcy Is More Lucrative for Law Firms Than Enron and Lehman

Historically, for a law firm to clear more than $10 million in revenue per month from a Chapter 11 bankruptcy engagement, such a debtor would have sent shockwaves through the financial system by nature of going bust.

For debtor’s counsel, notoriously lucrative bankruptcies have included Enron, Lehman Brothers and General Motors. After defaulting on nearly a trillion dollars in combined debt, the trio generated hundreds of millions of dollars in fee revenue for law firms.

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