Ed. note: Welcome to our daily feature, Trivia Question of the Day!
Heavyhitter bankruptcy and restructuring firms like Kirkland & Ellis and Weil Gotshal charge big bucks per hour for their services. If these Biglaw firms raised their rates in 2020 just as much as in years prior, how much could they be charging per hour?
Hint: Per court records, Kirkland increases its rates twice a year, and Weil increases its rates once a year. Kirkland has already increased its rates once in 2020. Kirkland partner rates currently top out at $1,845 (a 2.7% increase) and its associate rates top out at $1,165 (a 3.6% increase). Weil partner rates currently top out at $1,695 (a 5.9% increase) and its associate rates top out at $1,050 (a 5.5% increase).
See the answer on the next page.
Staci Zaretsky is a senior editor at Above the Law, where she’s worked since 2011. She’d love to hear from you, so please feel free to email her with any tips, questions, comments, or critiques. You can follow her on Twitter or connect with her on LinkedIn.