Bankruptcy Judge Martin Glenn yesterday approved $17 million in fees and expenses for advisers working on Dewey & LeBoeuf's chapter 11 case, Am Law Daily reported today. Dewey filed for bankruptcy May 28, 2011, and won approval of its chapter 11 liquidation plan nine months later. In addressing the court, lead attorney Al Togut also highlighted the record amount of secured debt at issue in the case, approximately $230 million, versus the sums at stake in other law firm bankruptcies, and the quickness with which the firm filed for bankruptcy protection after disbanding as among the other challenges that made the pending fee applications worthy of approval. All told, Judge Glenn signed off on nine pending applications, including for law firms Togut, Segal & Segal ($8.8 million); Brown Rudnick, which advised the bankruptcy's unsecured creditors committee ($3.4 million); special benefits counsel Keightley & Ashner ($164,000); and Kasowitz, Benson, Torres & Friedman, which worked for an official committee of former Dewey partners ($1.35 million).
