FTX Advisors and Lawyers Billed $103M in Q1 2023
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The law and consulting firms servicing the collapsed crypto exchange FTX charged a combined $103 million in the first quarter of 2023, according to court documents.
In March, Sullivan & Cromwell billed the most at $14.1 million, followed by Alvarez & Marsal at $13.8 million. Quinn Emmanuel Urquhart & Sullivan and Landis Rath & Cobb charged $3.19 million and $644,000 respectively, for a total of $7.3 million and $1.9 million respectively.
Lastly, AlixPartners received $4.51 million in March and $10.2 million for the quarter for their work analyzing DeFi products and tokens held by FTX.
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