The creditors of the bankrupt crypto firm, Voyager Digital, face a $5.1 million bill. The New York law firm McDermott Will & Emery is seeking compensation for legal services provided from March 1 to May 13, 2023, according to a filing on July 3.

The substantial invoice was charged to the “Official Committee of Unsecured Creditors,” otherwise known as the creditors of Voyager Digital, with an hourly rate of $1,026.76, encompassing a wide range of legal tasks. The law firm was engaged in a variety of roles, including guiding the committee through bankruptcy proceedings, negotiating with debtors and other interested parties and managing the necessary paperwork:

This marks McDermott Will & Emery’s third and final invoice, rounding up the total claimed compensation to $16.48 million since July 5, 2022. Voyager has reportedly paid $8.97 million of this sum.

The legal cost fallout doesn’t stop with McDermott Will & Emery. Kirkland & Ellis, another legal adviser, has also billed Voyager for $1.1 million for its April services. The filing that this is the “compensation in the amount of $1,128,312.40, which is equal to 80% of the total amount of reasonable compensation for actual, necessary legal services that K&

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Author: Emily Tonelli

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