This BigLaw firm charges nearly $2,500 per hour for top billers' bankruptcy work
Kirkland & Ellis is raising its top billing rate for bankruptcy work to $2,465 per hour by Jan. 1. Image from Shutterstock.
Kirkland & Ellis is raising its top billing rate for bankruptcy work to $2,465 per hour by Jan. 1, according to court filings cited by Reuters.
“Hourly lawyer rates reaching $2,000 were nearly unheard of just a decade ago,” Reuters reports. “But more recently, they have been steadily creeping above that mark for some attorneys.”
The $2,465 hourly rate matched that of Hogan Lovells appellate lawyer Neal K. Katyal for his work last year in a bankruptcy case for a Johnson & Johnson subsidiary, the article reports. But the fee was lower than the top rate of $2,500 per hour for top partners at Covington & Burling.
The Kirkland filing revealed that the law firm’s bankruptcy partners are charging $1,195 to $2,465 per hour, while associates are billing $745 to $1,495 per hour.
