A review of bankruptcy rates in Delaware and the Southern District of New York shows that a handful of U.S.-based partners at Am Law 200 firms have inched above the $1,000 rate barrier, making bankruptcy work as lucrative as it was plentiful in 2008 and 2009.
Over a 12-month period ending August 2009, there were more than 13,000 billing rate entries submitted by law firms in the nation’s two busiest bankruptcy courts, according to a new database compiled by ALM Media, the Law Journal’s parent.
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