Bankruptcy Lawyers Make Big Bucks Now

If you ever had childhood dreams of growing up to save the world, become a bankruptcy lawyer. As the world goes bankrupt, its bankruptcy lawyers to the rescue. Of course, its not just about saving the world from financial ruin, these lawyers are being handsomely rewarded for their services. Studies show that the total fees paid for bankruptcy lawyers from 1998 to 2007 doubled, while the consumer price index rose about 25 percent. Chicago-based Sidley Austin LLP and New York’s Skadden, Arps, Slate, Meagher & Flom LLP billed hourly rates upwards of $1,000 in the past two months in separate bankruptcy cases. Basically while you’re going bankrupt, its possible your lawyer is making $15 plus per minute off of it. Just thought ya’ll should know.