Recent court filings reveal that legal fees for the ongoing FTX bankruptcy saga have reached a staggering $38 million just for the month of January. Sullivan & Cromwell emerged as the biggest beneficiary, submitting an invoice of $16.8 million for legal work performed that month. Other firms involved in the case include Quinn Emmanuel Urquhart & Sullivan and Landis Rath & Cobb, billing $1.4m and $663,995 respectively. Financial services firms Alvarez & Marsal, AlixPartners, and investment bank Perella Weinberg Partners also submitted charges. Alvarez & Marsal is the biggest spender, accounting for 68% of the expenses costs, with a total of $12,347 spent on meals in January alone. Creditors continue to suffer, while legal representatives are the current beneficiaries of the case.
