Baker Botts Nets $123.4M For Asarco Bankruptcy

Law360, New York (August 19, 2011, 2:18 PM EDT) -- A Texas bankruptcy judge on Thursday awarded Baker Botts LLP a whopping $123.4 million in fees and expenses for what he said was the firm's extraordinary handling of the Asarco LLC bankruptcy.

"Baker Botts lawyers conducted themselves with the utmost professionalism and commitment, addressing an array of challenging legal issues with sophistication, creativity and skill," U.S. Bankruptcy Judge Richard S. Schmidt wrote in a July 20 opinion that laid out his logic for ultimately issuing the order Thursday.

Judge Schmidt also reiterated his belief that the...
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