Law360, New York (December 22, 2006, 12:00 AM EST) -- Massive fees in bankruptcies are increasingly becoming the norm, with the price of legal and professional services continuing to skyrocket. Though bankruptcy filings remained uncharacteristically low in 2006, the battle to be involved in the year’s biggest Chapter 11 cases proved fierce, with law firms guaranteed a virtual bonanza if their efforts were successful.
A list of the year's leading bankruptcy counsel for both debtors and unsecured creditors committees' follows:
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