Pity the Lawyers: Twitter-Musk Deal Would End Legal Fee Bonanza

Not everyone’s a winner in Elon Musk’s decision to go through with the Twitter Inc. deal.

Consider the dozens of lawyers who were preparing to spar at a trial over whether the world’s richest person could walk away from the buyout -- and stood to earn millions of dollars doing it.

More than 70 lawyers were admitted to Delaware Chancery Court to represent various parties in the case -- about 30 for Twitter, most of them from Wachtell Lipton Rosen & Katz, the most profitable firm in the country, and about 20 for Musk from firms including Quinn ...