January 24, 2012

Michael Goldberg was quoted in Law360 in an article titled "US Trustee's New Ch. 11 Fee Rules Rankle Attys." The article discusses the first proposed changes to bankruptcy billing guidelines in 15 years. The moves are aimed at increasing transparency amid a public perception that lawyers have gotten rich off the suffering of companies and their creditors. According to Michael, "Despite the potential for troublesome paperwork and overexposure of a firm's billing information, ethical lawyers are likely to feel that the extra burden of any rule changes are ultimately worth the cost."