High-profile bankruptcy cases have become a lucrative goldmine for two major law firms involved in the legal proceedings: Sullivan and Cromwell and Kirkland and Ellis.
Cryptocurrency bankruptcy lawyers and advisers at major law firms have amassed over $700 million in fees from significant cryptocurrency bankruptcy cases.
Recent years have seen several major bankruptcy cases, including Sam Bankman-Fried’s crypto exchange FTX Trading Ltd, as well as Genesis Global Capital, BlockFi, Celsius, and Voyager Digital.
These high-profile bankruptcy cases have become a lucrative opportunity for two major law firms involved in the legal proceedings: Sullivan & Cromwell and Kirkland & Ellis.
