DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/hd8z5b/2015_bankruptcy) has announced the addition of the "2015 Bankruptcy Attorney Billing Rate Report" report to their offering.
The 2015 Bankruptcy Attorney Hourly Rate Report examines the hourly rates of Attorneys (Partners, Counsel, Senior Associates and Associates) at the Law Firms most active in the Bankruptcy market. Rates are analyzed by Individual Firm, Firm Revenue Size Group (Top 10, 50, 100, 101-200) and Firms outside of those traditional rankings - Non-US Firms such as Magic Circle Firms, large Regionals, small and middle-market firms and boutiques. Additionally, the Report slices the data by City to highlight geographical pricing differences. As you will see, hourly rates by Firm and Position will vary. New for 2015 is Bankruptcy Rates by Major Industries.
Bankruptcy continues to be an active as well as profitable practice area for both large diversified Firms and smaller ones for two principal reasons. First, in general, Bankruptcy rates are not challenged as aggressively as hourly rate motions in large litigation matters, i.e., there is no Lodestar or fair and reasonable body of law in Bankruptcy so Law Firms tend to submit and win their highest hourly rates (less possibly a 10% discount). Even with the new US Trustee guidelines, rates continue to climb. Hours billed are usually challenged more often than the hourly rates charged. Second, Law Firms are paid faster in Bankruptcy cases compared to other matters thereby increasing cash flow as well as profitability.
Key Topics Covered:
Section 1: Hourly Rates by Position by Firm Revenue Size (AMLAW 10, 50, 100, 101-200, 200 and Unranked - NonUS Firms, Large Regionals, Small and Middle-Market Firms and Boutiques)
Section 2: Hourly Rates by individual Law Firm
Section 3: Hourly Rates by Position by City
Section 4: Hourly Rates by Industry
For more information visit http://www.researchandmarkets.com/research/hd8z5b/2015_bankruptcy