Advisers working on the Dewey & LeBoeuf bankruptcy endured a round of criticism yesterday from the judge overseeing the defunct firm's chapter 11 case, who expressed qualms over what he considered excessive fees and expenses billed to the cash-strapped estate, the American Law Daily reported today. Taxi rides around New York, pricey hotel stays, and vague time entries all got cut Bankruptcy Judge Martin Glenn approved preliminary fee requests from a dozen law firms, accounting shops, and other advisory outfits. In total, $14.1 million in bills have been submitted for time spent working on the bankruptcy from its inception in late May through the end of October, according to our past reports. Even those advisers that received Glenn's preliminary approval won't be fully paid any time soon; firms can only receive what was allocated months ago in a budget set by lead lender JPMorgan Chase, and the few firms that did not go over budget can only get 80 percent for now.
