/9918578/Banner

/9918578/Banner_2

/9918578/Mid

section

articleId

product

orgType

parrefer

accountID

Consulting

Banking

Accounting

Fintech

Internships

Rankings

Internship Rankings

Intern Resource Center

Explore Internships

Vault Law Home

Practice Area Resource Centers

Regional Resource Centers

Summer Program Resource Center

Vault Law Culture & Inclusion Survey

Vault Law

Guides

Events

Financial Services

Technology

Grad School

Work Relationships

Productivity

Diversity, Equity & Inclusion

Social Impact

Remote Work

Negotiating

Changing Jobs

Workplace Issues

Blog

Resume Samples

Cover Letter Samples

Interview Tips & Questions

A Day in the Life

International

Career Readiness

Explore Professions

Research Industries

Search Companies

Career Advice

Employers

Schools

&lt;p&gt;Bloomberg reported today that Lehman has paid its bankruptcy advisors$262.6 million for the work they&#39;ve completed over the course of the past nine months. Taking the largest share of the pie was Alvarez &amp; Marsal, which has so far brought in $115 million in fees.  (To get a feel for the enormity of the Lehman bankruptcy filing and the complexity of the work involved, consider that AlixPartners, as an advisor to GM in its bankruptcy, will likely walk away with roughly half of A&amp;M&#39;s take.)  A&amp;M was appointed to the Lehman case to aid in restructuring efforts and recover money for creditors—an amount that now looks like it stands to exceed $11 billion.  &lt;p&gt;&lt;p&gt;Bryan Marsal, Lehman&#39;s acting CEO, said the Lehman job &quot;is the equivalent of doing 20 assignments.&quot; And, if he may say so himself, &quot;This was a very tough job that only a handful of firms could have tackled.&quot; &lt;p&gt;&lt;p&gt;With all of this newfound face time in the press, not to mention the high demand for bankruptcy and restructuring work flooding the market these days, it&#39;ll be interesting to see how A&amp;M fares in our upcoming Vault Guide to the Top 50 Management and Strategy Consulting Firms, which will be out later this summer. &lt;p&gt;

Vault Consulting Editors

Article

Consulting Interview Prep: What MECE Is and How to Use It Effectively

Consulting Interview Prep: Good vs. Bad Answers to Top Questions

Consulting Interview Prep: How to Master the Consultant Mindset

How Consulting Firms Use Assessment Games to Evaluate Candidates

The Library