Some top law firms outpaced inflation in their latest bankruptcy rate increases, with leading restructuring lawyers now charging about $2,500 an hour for their work in complex bankruptcies.
Bankruptcy fee disclosures of 2024 rates provide a rare glimpse into how much top lawyers charge—information that firms aren’t eager to divulge. But the bankruptcy process requires more transparency about fees in cases like coworking giant WeWork Inc. and crypto exchange FTX, which likely track closely with what firms charge for other practices.
“I have no doubt that top lawyers in other specialties are charging the same or higher rates,” said ...