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Toys ’R’ US Bankruptcy a Windfall for Law Firms, Study Finds

June 13, 2019, 09:00 AM
Filed Under: Bankruptcy
Related: Bankruptcy, Toy R Us

A bankruptcy filing isn't often associated with something to celebrate - unless you're a law firm handling one of the biggest Chapter 11 filings of the year.

According to data tally by New York Law Journal, and analyzed by Forbes, all told attorneys handling the bankruptcy case of the iconic toy retailer Toys ' R' US raked in tens of millions of dollars during the proceedings.

One firm alone made $57 million in fees from the case, the report shows.

According to a tally by the New York Law Journal, 105 partners and 131 associates at Kirkland & Ellis worked on the case, and seven partners and associates billed more than $1 million each.

Read more here.

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