3 Tips On How To Prepare For The New Ch. 11 Fee Guidelines

Law360, New York (June 13, 2013, 7:54 PM EDT) -- Bankruptcy attorneys have until November to determine how they will work with the U.S. Department of Justice’s new guidelines for fee applications, but experts say they should start thinking now about how to budget their cases and still keep clients happy.

The new guidelines, which were announced Tuesday and will go into effect Nov. 1, are designed to increase transparency and prevent law firms from charging above-market rates in Chapter 11 cases with more than $50 million in assets and liabilities.

Though many bankruptcy attorneys are...
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