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Thursday, January 17, 2013

Dean Rapoport Commended in Cahill's 'On Business Blog'

The Boyd School of Law is very pleased to announce that Interim Dean and Gordon Silver Professor of Law Nancy Rapoport was commended for her recent work examining bankruptcy fees in Joe Cahill's 'On Business Blog' in Crain's Chicago Business on January 16, 2013.

Entitled, "One Group Always Wins in Bankruptcy: The Lawyers," Cahill's blog post examines how corporate bankruptcy favors attorneys and other professionals who steer companies through the process. According to Cahill, Chicago-based Tribune Co. paid professional services fees approaching $300 million during the four-year reorganization that ended December 31, and Comdisco Inc. has paid more than $9 million to the law firm of the trustee overseeing a Chapter 11 case that was filed in 2001 and is ongoing.

In his blog post, Cahill commends Dean Rapoport for her recent work examining bankruptcy fees: "I agree with bankruptcy fee examiner Nancy Rapoport, a law professor at the University of Nevada-Las Vegas, who says firms should have to demonstrate that the stated fee isn't just a 'rack rate' by presenting evidence that 'people really pay it in the real world.'"

Congratulations, Nancy!