The law firm handling BP's Gulf Coast compensation is getting a hefty bump in its pay. Feinberg and Rozen will receive an additional $400,000 a month, now up to $1.25 million, for their work in doling out money to those harmed by BP's Deepwater Horizon disaster.
It's hard to judge just how much that is in the world of law firm compensation without a context. So, here's the context:
Feinberg and Rozen has two partners (Kenneth Feinberg and Michael Rozen, of course).
(Disclosure: As the TARP pay czar, Kenneth Feinberg was responsible for cutting pay to law firms handling the Lehman bankruptcy, including BL1Y's bills.)