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Monday, August 19, 2013

Judge appoints $600/hour attorney to monitor excessive fees in Detroit bankruptcy

U.S. Bankruptcy Judge Steven Rhodes today appointed a fee examiner to monitor legal fees in Detroit’s Chapter 9 bankruptcy.

Rhodes named attorney Robert M. Fishman of the Chicago-based firm Shaw Fishman Glantz and Towbin to ensure the city’s legal fees and consulting bills don’t become exorbitant. Fishman will also be charged with making sure the fees are public information.

Fishman’s typical hourly rate is $675. He’s discounting his hourly rate to $600 for Detroit.

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