Legal Fee Tracker: Lawyer’s 4,000 hours help Sullivan & Cromwell reach $200 mln mark in FTX case | Reuters

Even for a busy lawyer at a big corporate law firm, billing close to 11 hours a day on a single case, five days a week for 18 months straight is no easy feat.

That’s the average pace Brian Glueckstein has kept up as one of the lead lawyers in the FTX bankruptcy since it began in November 2022, according to court records though April. All those hours — including 342 in December 2022 alone — have helped his law firm Sullivan & Cromwell amass close to $200 million in billings as debtor’s counsel in the sprawling case so far.

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Glueckstein, with a current hourly rate of $2,375, has billed more than 4,000 hours in the bankruptcy, the most of any partner at his firm, according to a Reuters analysis of monthly fee statements. He is one of hundreds of lawyers and staffers from 890-lawyer Sullivan & Cromwell who have billed more than 168,000 hours in the case altogether.

Source: Legal Fee Tracker: Lawyer’s 4,000 hours help Sullivan & Cromwell reach $200 mln mark in FTX case | Reuters