A handful of U.S.-based partners at major law firms have inched above the $1,000 rate barrier, making bankruptcy work as lucrative as it was plentiful in 2008 and 2009, a review of billing rates in Delaware and the Southern District of New York shows.
In the year ended in August, more than 13,000 billing-rate entries were submitted by law firms in the nation’s two busiest bankruptcy courts, according to a data base compiled by Daily Business Review parent ALM Media.
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