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Update on Business Bankruptcy Legal Fees and Professionalism

By Michael L. Cook
June 01, 2021

"Ours is a learned profession, not a mere money-getting trade." — American Bar Association Committee on Professional Ethics and Grievances, Formal Op. 250 (1943)

"Even after the passage of [Bankruptcy Code] §330(a)(1), bankruptcy is not intended to be a feast for lawyers."In re Taxman Clothing Co., 49 F.3d 310, 3016 (7th Cir. 1995)

"Cause, not self. That is the sworn duty of every member of the legal profession — to subordinate their own interests to those of their clients …."In re ABC Dentistry P.A., 2020 WL 6304698 (5th Cir. Oct. 28, 2020).

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