Voyager to shell out $1.1 million for April legal fees

Quick Take

  • Bankrupt crypto brokerage firm Voyager Digital is set to shell out more than $1 million to Kirkland & Ellis for services in April. 

Voyager Digital is set to shell out $1.1 million to its legal advisor, Kirkland & Ellis, for fees and expenses related to its work on the erstwhile brokerage firm's bankruptcy process in April. 

As per documents, the law firm charged a blended hourly billing rate of $1,313.18 for all services during the month. Total fees charged for attorneys and paralegals topped $1.4 million, with some of the firm's top brass charging an hourly rate of over $2,000. 

Kirkland & Ellis counts a number of bankrupt crypto companies as clients, including BlockFi and Celcius. 

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Voyager filed for Chapter 11 bankruptcy protection in July after it was hit hard by the crypto credit crisis that blew out several lenders and brokers. Previously led by former E*Trade executive Steve Ehrlich, the company was publicly traded in Canada and reported liabilities somewhere between $1 billion and $10 billion at the time of its bankrup