The Jr. bankers billed a metric-ton of hours and made their firms truckloads in fees. Yes and no. A lot of that work if not most would have been essentially s

The Jr. bankers billed a metric-ton of hours and made their firms truckloads in fees. Yes and no. A lot of that work if not most would have been essentially speculative in the hope of getting a big payoff if the deal went through. The lawyers on the other hand would have billed hourly.