In New York, Robins has found, «The court expects the lawyers to do the same
amount of legal work whether the case
involves a $ 5,000 consumer credit card debt or a $ 1,000,000 Chapter 11 [business bankruptcy] turnover action.»
On page 5
of the contract, Simpson estimates that the
work, which will take place over a six - month period, will
involve 564 hours
of partner time, 1,692 hours
of associate time and 376 hours for
of counsel
work, for a total
of 1,632 lawyer hours that, spread over the $ 300,000 budget,
amounts to an average lawyer rate
of $ 113.98 an hour (there are also 1,128 hours allocated for
legal assistants, which I didn't include in my calculation).