FTX Bankruptcy Advisers bill $38M for January. Special Counsel involved.

FTX's bankruptcy has various professionals working including lawyers, bankers, consultants and financial advisers.

In January, the team of professionals handling the FTX bankruptcy case charged a total of $38 million plus expenses, as reported by the court.

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[{"selector":"#anim-215ce059-e9ea-4d34-a201-70fdabd13e72 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-32.74910490725541%, 0, 0) translate(-25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"fill":"forwards"}] The bankruptcy administrators have hired Sullivan & Cromwell as their counsel, while Quinn Emmanuel Urquhart & Sullivan and Landis Rath & Cobb have been appointed as special counsel for the proceedings. Arrow

[{"selector":"#anim-e1a1a80c-0d80-4e88-84cb-108c6485ee59 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-31.249999886225726%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] FTX engaged AlixPartners to perform forensic analysis on the DeFi products and tokens they hold. The primary objective of this engagement was to accomplish this goal. Arrow

To determine which assets of FTX could be sold, financial services firms Alvarez & Marsal and Perella Weinberg Partners were hired to review and sort through its accounting records.

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[{"selector":"#anim-d0b76eba-fdd6-4ffb-96b2-77fe4bc05a0e [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(31.249999886225726%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] The court filings reveal that Sullivan & Cromwell charged $16.8 million for January, while Quinn Emanuel Urquhart & Sullivan and Landis Rath & Cobb billed $1.4 million and $663,995, respectively. Arrow

[{"selector":"#anim-a2673b31-7a5c-4f52-a144-3d274325cca3 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-31.26665175133565%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] With more than 180 lawyers and 50 non-lawyer staff, including paralegals, the three firms have formed a substantial team to work on the case. Arrow

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