In the context of Lehman Brothers’ mammoth bankruptcy, US$1bn is not a lot of money. Still, it is noteworthy that the administrators of the American arm of the collapsed bank’s estate recently passed the billion-dollar mark when it comes to the fees paid to the army of lawyers, consultants and other advisors over the past two years (US$1,013,116,000 to be precise). The details can be found in a filing made in advance of a hearing on October 20th in bankruptcy court (direct linking is difficult; go here and look for docket no. 12082.) As Bloomberg points out, the fees work out to US$1.3m per day, which may seem steep when creditors are in line to receive 16 cents on the dollar.

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