The law firm of Weil, Gotshal & Manges LLP stands to earn more than $430 million for leading Lehman Brothers Holdings Inc. through the biggest chapter 11 case ever, the Wall Street Journal reported today. Weil Gotshal filed papers on Tuesday asking a bankruptcy court to give its blessing for the $431.6 million in fees and $11.2 million in expenses it charged in the 3½ years that Lehman was under chapter 11 protection. Weil's compensation ranks second only to advisory firm Alvarez & Marsal Inc., which could earn more than $620 million for its work winding down and restructuring Lehman's many assets, businesses and complex financial transactions around the world.
