In years past, researching our annual Going Rate section was-oddly enough-fun. Scouring Chapter 11 bankruptcy filings for lawyers’ hourly rates became a peculiar winter sport of sorts, with friends and family morphing into bankruptcy sources, e-mailing tips when they ran across new filings. Finding a seven-page table of hourly billing rates was almost as satisfying as losing a few pounds without really trying.
But this year Oh my. It would be impossible not to feel disturbed by the nearly 3,000 law firm billing rates we collected for this Going Rate issue. Most were culled from Chapter 11 bankruptcy filings in five U.S. bankruptcy courts-the three Georgia districts, the Southern District of New York and the District of Delaware. And we didn’t examine every case in the latter two. We also looked at select cases in other jurisdictions where we thought we might find billing rates for some Atlanta lawyers doing work there.
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