Energy Future Holdings Corp., the Texas power company that filed for bankruptcy in April, listed fees of $20.5 million and $1.25 million in expenses paid to Kirkland & Ellis LLP from April 29 to Aug. 31, Bloomberg News reported yesterday. Gibson, Dunn & Crutcher LLP, Energy Future’s special counsel for “certain corporate and litigation matters,” was paid about $630,000 during the same period, and Godfrey & Kahn SC, which is acting as counsel to the fee committee, got about $580,000 from Aug. 21 to Oct. 31. The largest-ever bankruptcy in the energy industry, which came seven years after the company set a record as the biggest leveraged buyout, will keep bankruptcy lawyers at firms such as Morrison & Foerster LLP and Richards, Layton & Finger PA busy in the coming months as the company aims for a relatively quick exit from chapter 11. The filing in federal bankruptcy court in Delaware didn’t show how many hours were spent in accruing those fees, nor did it explain whether a $6 million retainer paid in May was included in the total.
