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SAS FORWARD ny plan för att rädda SAS (22/2 2022)

A

ARN01

Medlem
Man jobbar i fel bransch... är väl inte på något sätt unikt men ingen billlig historia och hoppas att de får valuta för pengarna. Skall verkligen bli intressant att se hur det utvecklar sig efter CH-11.
Ingen jämförelse i övrigt men SAABs konkurs var 2021 uppe i 370 miljoner.
www.aftonbladet.se

SAS advokatnota närmar sig miljarden

Aktieägarna lär gå lottlösa. Advokaterna tjänar desto mer. Rekonstruktionen av krisande flygbolaget SAS blir extremt dyrbar.
www.aftonbladet.se www.aftonbladet.se
 
G

guwonder

Medlem
ARN01 skrev:
Man jobbar i fel bransch... är väl inte på något sätt unikt men ingen billlig historia och hoppas att de får valuta för pengarna. Skall verkligen bli intressant att se hur det utvecklar sig efter CH-11.
Ingen jämförelse i övrigt men SAABs konkurs var 2021 uppe i 370 miljoner.
www.aftonbladet.se

SAS advokatnota närmar sig miljarden

Aktieägarna lär gå lottlösa. Advokaterna tjänar desto mer. Rekonstruktionen av krisande flygbolaget SAS blir extremt dyrbar.
www.aftonbladet.se www.aftonbladet.se
Klicka för att utvidga...

For comparison purposes, I’ve seen partners at the top firms in NYC bill their own work at almost up to $2500 per hour but I’ve never seen a partner at any of the top 4 Swedish firms bill more than 10000 SEK per hour.

The best big city US law firms in NYC, DC, San Francisco just charge in a completely different league than what is to be seen in Copenhagen, Oslo and Stockholm. The work that we would see be charged at around 6000-8000 SEK/hour by partners and similar-level specialists at Vinge or MSA in Sweden would be 1.5-3 times that at comparable level of seniority/specialty at a DC or NYC office of a firm at a comparable level on the league tables. And the revolving door between government service and private sector practice is very lucrative in the US in a way that has no comparison in Scandinavia. Take Neal Katyal as an example, and there even bankruptcy court judges didn’t like what he was billing at Hogan.
 
Last edited:
John Rosenbaum

John Rosenbaum

Medlem
guwonder skrev:
For comparison purposes, I’ve seen partners at the top firms in NYC bill their own work at almost up to $2500 per hour but I’ve never seen a partner at any of the top 4 Swedish firms bill more than 10000 SEK per hour.

The best big city US law firms in NYC, DC, San Francisco just charge in a completely different league than what is to be seen in Copenhagen, Oslo and Stockholm. The work that we would see be charged at around 6000-8000 SEK/hour by partners and similar-level specialists at Vinge or MSA in Sweden would be 1.5-3 times that at comparable level of seniority/specialty at a DC or NYC office of a firm at a comparable level on the league tables. And the revolving door between government service and private sector practice is very lucrative in the US in a way that has no comparison in Scandinavia. Take Neal Katyal as an example, and there even bankruptcy court judges didn’t like what he was billing at Hogan.
Klicka för att utvidga...
Just shameful in every way.
 
G

guwonder

Medlem
John Rosenbaum skrev:
Just shameful in every way.
Klicka för att utvidga...

Figures from 2015 when I used to drop into Gibson Dunn’s and Wachtell’s offices in NYC at times:

abovethelaw.com

Just How Much Does Wachtell Charge Clients Anyway? - Above the Law

A lawsuit filed against Wachtell by a former client offers a window into the elite firm's billing practices.
abovethelaw.com abovethelaw.com

And here is a 2022 fee figure for Neil Katyal
doing bankruptcy stuff:


As indicated there, a bankruptcy trustee can reject the use of counsel that is too expensive. I haven’t heard about the bankruptcy trustee in the SAS matter rejecting counsel over being too expensive, but they are paying big bucks relatively speaking on the US side and on the European sides. But it’s the US side that is much more expensive. And the lawyers on both sides have become more expensive in 2023 than in 2022.

If I were footing the legal bill for this, I would not be a happy camper because I know how clients get stuck with a bill for stupid lawyer stuff too. But going downmarket can be costly in other ways too.
 
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