Morrison Foerster, a leading law firm with extensive operations in bankruptcy law, is increasing billing rates for some of its partners. This adjustment has been documented in a recent court filing, showing a significant rise in the hourly rates charged by certain high-level attorneys.
The firm’s bankruptcy partner, Benjamin Butterfield, and tax partner, Philip Jaworskyj, will see their hourly rates rise by 23.2% and 23.5% respectively. This change brings their billing to $1,725 and $1,600 per hour. The tax partner Anthony Carbone, billed at an even higher rate, has seen a 10% increase in his rate, now charging $2,475 per hour, making him the highest biller for the current matters at hand.
Morrison Foerster’s team is currently involved in representing the official committee of unsecured creditors for the bankruptcy proceedings of American Tire Distributors, a well-known tire supplier. In this matter, they are collaborating with lawyers from Saul Ewing. This case and the relevant billing rates adjustment can be reviewed in detail through the official court document.
These increasing rates reflect an ongoing trend in the legal industry where high-demand specialists, such as those in bankruptcy law, command premium fees for their expertise. To learn more about this development, readers can access the full Bloomberg Law article.