More corporate filings net big fees for bankruptcy firms

02/10/2009 | Finance and Commerce (Minneapolis)

Unprecedented fraud and losses of clients and leases mean corporate bankruptcy attorneys are being swamped with new cases. The surge in activity has driven up costs astronomically, with some firms on the coasts charging up to $1,100 per hour. The high price tags are seen as justified based on the complexity of most corporate filings and the level of expertise required to handle them.

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Finance and Commerce (Minneapolis)

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