FTX advisors billed the bankrupt firm for a whopping $103M in Q1
The invoices from March were slightly greater than January and Februarys figures of $34.2 million and $32.5 million respectively.New York-based law company Sullivan & & Cromwell again walked away with the biggest paycheck, billing $14.1 million in costs and costs for March, including to a total of $44.4 million over the very first quarter.Sullivan & & Cromwell billed FTX $14.1 million for March. Source: Kroll Partners at the firm took home $2,165 per hour while paralegals and legal analysts were paid $425 and $595 per hour for their contributions.Consulting company Alvarez & & Marsal came in next, invoicing over $13.8 million in March for the 10s of thousands of hours it jointly dedicated to avoidance actions, financial analysis and accounting procedures.It was the 3rd successive billing of over $10 million for the company, which has actually served as FTXs restructuring consultant since Sam Bankman-Frieds former empire submitted for bankruptcy on Nov. 11. Over 180 legal representatives from Sullivan & & Cromwell, Quinn Emmanuel Urquhart & & Sullivan and Landis Rath & & Cobb have been designated to work on the FTX case.Related: Sam Bankman-Frieds holding company files for bankruptcyForensics consulting firm AlixPartners invoiced its biggest expense at $4.51 million in March, amounting to $10.2 million over the quarter for the firms work in evaluating decentralized finance items and tokens in FTXs possession.Despite a significantly bothered 6 months, FTX hasnt put the nail in the casket yet.With $7.3 billion in assets recuperated FTXs legal group is eyeing a possible reboot of the trading platform as early as April 2024.