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John C. La Liberte quoted in Boston Business Journal on bankruptcy disclosure plan

June 22, 2012

John C. La Liberte, chair of the firm’s Litigation Department, was quoted in the June 22nd issue of the Boston Business Journal. The article, “Bankruptcy lawyers balk at disclosure plan,” discusses the United States Trustee Program’s recent push to place increased scrutiny on bankruptcy lawyers’ rates.

From the article:

John La Liberte, a partner with Sherin and Lodgen, whose hourly rate is between $300 and $400, points out that bankruptcy attorneys are already required to disclose billing rates and other information up front.

“We all have to file affidavits (as to) the firm’s relationship with potential creditors and debtors and frankly in any other forum that’s not required for attorneys,” said La Liberte. “I’m not saying there aren’t abuses that occur in the system, but I think they are few and far between. The mechanisms we currently have in the bankruptcy system are adequate to address those abuses.”