Law Firms Set For Fee Bonanza Amid Airline Bust

Law360, New York (January 27, 2006, 12:00 AM EST) -- United Airlines’ parent company is preparing to emerge from Chapter 11 this week, but that doesn’t mean the bonanza is over for bankruptcy lawyers. The aviation bust has proven to be a goldmine for law firms like Kirkland & Ellis, Davis Polk and Stroock & Stroock, according to our study of legal fees in airline bankruptcy proceedings.

As we reported last week, the three-year bankruptcy by United’s parent, UAL, has garned an impressive $85 million by Chicago’s Kirland & Ellis. But those fees could be a...
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