Cadwalader Drops Billing Rate to $525 an Hour for Partners’ TARP Advice

Cadwalader, Wickersham & Taft worked for bargain billing rates advising the Treasury Department on its Troubled Assets Relief Program.

The “steeply discounted” rates ranged from $287 an hour for associates to $525 an hour for partners, the National Law Journal reports. The publication obtained the information through a Freedom of Information Act request.

Cadwalader associates usually charge $310 to $575 an hour, while partners usually charge $625 to $1,050 per hour, the story says. In all, the TARP contract was worth more than $417,000.