Bankruptcy lawyers across the country learned this lesson in 2015: A fine year can be a flat year.
The number of bankruptcies themselves may have fluctuated, especially with corporate suffering in the energy industry. But a lack of volatility in bankruptcy lawyers’ billing rates, evidenced by a collection of almost 3,000 attorney fee disclosures in bankruptcy records, have calmed practitioners. In major markets, bankruptcy partners make $1,000 an hour or more.
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