Compensation : Professionals

Compensation

The Financial-Adviser Model for Attorney Compensation in Bankruptcy Cases
Laurie Selber Silverstein of Potter Anderson & Corroon LLP

The issue of attorney compensation remains a perennial focal point for both bankruptcy practitioners and their clients. The June 27, 2002 edition of The Daily Deal asked "Are Bankruptcy Professionals Getting Excessive Bonuses for Just Doing Their Jobs?" In the article, the author discusses the fee enhancements or success bonuses requested and/or received by financial advisors, chief executive officers, and lawyers. It was reported that the "new twist" was that "law firms are now attempting to model their fee enhancements on what financial advisers have done by asking the court to approve their success fee at the beginning of their engagements."
Inequality Among Administrative Claimants
Jay L. Lubetkin of Trenk, DiPasquale, Webster, Della Fera & Sodono, P.C.

In the context of a Chapter 11 bankruptcy proceeding, generally speaking, administrative expenses are the post-peti.