Cart
Free US shipping over $10
Proud to be B-Corp

Professional Fees in Corporate Bankruptcies Summary

Professional Fees in Corporate Bankruptcies: Data, Analysis, and Evaluation by Lynn M. LoPucki (Security Pacific Bank Professor of Law, Security Pacific Bank Professor of Law, UCLA School of Law)

Bankrupt Enron paid well over a billion dollars in cash to bankruptcy lawyers, financial advisors, and other bankruptcy professionals. The managers of most bankrupt companies pay the professionals with money that would otherwise have gone to creditors, employees, shareholders, or to saving the companies. To prevent excessive payments, the bankruptcy code and rules establish an elaborate system for public reporting and court approval of professional fees. Armed with the ability to choose among courts that want or need to attract the cases, the professionals have largely taken charge of the fee-control system and rendered it toothless. The professionals ignore many of the governing rules and the courts do nothing about it. Effective methods for assessing and controlling fees do exist, but it is not in the interests of the courts or the professionals to apply them. Professional Fees in Corporate Bankruptcies: Data, Analysis, and Evaluation, by Lynn M. LoPucki and Joseph W. Doherty is based on a study of thousands of documents from the court files in over a hundred of the largest bankruptcy cases. It employs statistical analysis and documents its findings, and provides an unprecedented window on the worlds of bankruptcy professionals, professional fees, and their scientific study. Through that window, readers see both a disturbing picture of a legal system in crisis and a hopeful one with opportunities for desperately needed reform. The authors have nevertheless written it for readers with technical backgrounds in neither bankruptcy nor statistics. This book will be of interest not only to scholars studying professional fees, but also to bankruptcy professionals, judges, policymakers, and anyone interested in the functioning of law-based systems.

Professional Fees in Corporate Bankruptcies Reviews

Lynn LoPucki and Joseph Doherty have thus picked the perfect time to release their book, which consolidates and updates almost a decade's worth of research on the topic of professional compensation in chapter 11. A dull reading it is not. * Stephen J. Lubben, Banking & Finance Law Review *

About Lynn M. LoPucki (Security Pacific Bank Professor of Law, Security Pacific Bank Professor of Law, UCLA School of Law)

Lynn M. LoPucki is the Security Pacific Bank Professor of Law at the UCLA School of Law. Joseph W. Doherty is the Director of the Empirical Research Group (ERG) at the UCLA School of Law.

Table of Contents

Part I: Cost Assessment ; Chapter 1. Cost Measurement ; Chapter 2. The Empirical Study ; Chapter 3. Aggregate Costs ; Chapter 4. Cost Calculators ; Chapter 5. Component Costs: Description ; Chapter 6. Component Costs: Analysis ; Part II. Cost Control ; Chapter 7. The Need for Cost Control ; Chapter 8. The Cost of Cost Control ; Chapter 9. Fee Objections ; Chapter 10. Fee Cuts ; Chapter 11. Cost Control Failure ; Chapter 12. Toward Effective Cost Control Methods ; Appendicies ; A. The Sample Cases ; B. Variables Used ; C. Glossary ; Index

Additional information

NPB9780195337723
9780195337723
0195337727
Professional Fees in Corporate Bankruptcies: Data, Analysis, and Evaluation by Lynn M. LoPucki (Security Pacific Bank Professor of Law, Security Pacific Bank Professor of Law, UCLA School of Law)
New
Hardback
Oxford University Press Inc
2011-05-05
336
N/A
Book picture is for illustrative purposes only, actual binding, cover or edition may vary.
This is a new book - be the first to read this copy. With untouched pages and a perfect binding, your brand new copy is ready to be opened for the first time

Customer Reviews - Professional Fees in Corporate Bankruptcies