Lawyers Make A Killing In Tribune Bankruptcy Case

In an article about runaway legal fees in bankruptcy cases, the Chicago Tribune cites the Tribune Co. proceedings as an unfortunate example:

In the 15 months since Chicago-based Tribune Co. filed for bankruptcy, law firms and other professionals have billed the media conglomerate $138 million, or about one-quarter of the company’s cash flow last year, an analysis of court documents shows.

Hat tip Romenesko