September 29, 2011 5:24 PM
TARP Watchdog Snaps at Four Am Law Firms’ Billing Practices
Posted by Brian Baxter
A new audit report released by the office of the special inspector general for the Troubled Asset Relief Program criticizes legal fees paid by the U.S. Treasury Department to four Am Law 100 firms, according to sibling publication The National Law Journal.
The report questions some $8.1 million in fees paid to the firms—Simpson Thacher Bartlett, Cadwalader, Wickersham Taft, Bingham McCutchen, and Locke Lord—as a result of the controversial controversial bank bailout program launched by the federal government in 2008 in response to the financial crisis in 2008, The NLJ reports via its Blog of Legal Times.
The four firms provided legal counsel to the Treasury Department under the TARP program, which was
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