Top US Business Court Bolsters Reputation With Big Lawyer Fees (1)

A windfall for lawyers who landed a $1 billion settlement with Dell Technologies Inc. showcases how the country’s premier court for battles over M&A deals rewards litigators pursuing high-risk cases.

Delaware’s Chancery Court on July 31 awarded $266.7 million in fees—or 27% of the largest settlement the court has ever seen—to a team led by lawyers from Quinn Emanuel and Labaton Sucharow. The figure marks the second-largest attorney fee doled out by the Delaware court, long known as a center for corporate litigation tilts.

The big payday highlights a stark contrast between Delaware and the federal courts, which generally trim ...