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Top Bankruptcy Partners Rates Are Climbing
In September, a committee of unsecured creditors hired Dechert to represent them in the bankruptcy of Benitago Group, an Amazon e-commerce business acquirer. At most, Dechert would charge them $2,000 per hour, according to an employment application in the U.S. Bankruptcy Court for the Southern District of New York.
While Dechert's current top-billing partner for the Benitago bankruptcy costs $1,825 hourly, the law firm disclosed a 20% firmwide rate increase for top partners of $2,400 hourly in a recent court filing.
In a statement, a Dechert spokesperson said the firm adjusted billing rates to "reflect market standards and align with our peers," noting that rates are based on a variety of factors for individual cases.
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