NEW YORK (Bloomberg) — Lehman Brothers Holdings Inc., the investment bank liquidating in bankruptcy, paid its advisers $417.4 million for 12 months of work, according to a filing with the US Securities and Exchange Commission.

Restructuring firm Alvarez & Marsal LLC, which provided Lehman with its current chief executive officer, Bryan Marsal, led the payments with $169.2 million in fees through September 30. Weil Gotshal & Manges LLP of New York, the investment bank's lead bankruptcy-law firm, was paid $98.5 million, Lehman said in yesterday's filing. Lehman's payments to advisers, though trimmed by a fee examiner, haven't faced major challenges like bankrupt automaker Chrysler LLC, which is using US Treasury loans to wind itself down. Government lawyers yesterday objected to $5 million in fees charged by the old Chrysler's lawyers including lead bankruptcy adviser Jones Day.

Cash on hand at Lehman and its affiliates rose to $15.7 billion by September 30, from $14.7 billion at the start of the month and $2.5 billion when it filed for bankruptcy.

Lehman filed the biggest US bankruptcy in September 2008 with assets of $639 billion. Creditors including UBS AG, the New York Giants and Abu Dhabi Investment Authority filed more than 16,000 claims against the collapsed bank before last month's court-imposed deadline.