Stephen Dannhauser, the chairman Weil, Gotshal & Manges, has every reason to be sitting smugly in his office chair in the middle of Midtown. Last week, a judge signed off on the firm's $55 million tab for the work Weil has performed in connection with Lehman Brothers' bankruptcy; this week, the firm submitted another bill for $45.2 million more. Kenneth Feinberg, President Obama's pay czar, has suggested putting some sort of cap on Lehman's legal expenses going forward. Why? Isn't a $15,000 postage bill and $67,000 in business meal expenses perfectly reasonable? Ordering in dinner from Le Cirque every night isn't free, you know. [WSJ]
