More than 30 years of experience.... NATIONWIDE COVERAGE PUBLICATIONS REPRESENTING LAW FIRMS
  LEGAL FEE AUDITS INSURANCE BAD FAITH EXPERT BANKRUPTCY SPECIAL COUNSEL Legal auditing is the review and analysis of professional billing for legal fees and .... I have spent over 14 years adjusting or supervising thousands of high exposure cases .... We represent post petition lenders, secured creditors, and other interested parties ....
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   February 2010   

     In Department of Fair Employment and Housing v. United Dominion Realty (Case Nos. 07CC12067, 02CC12069), the court accepted our audit findings, stating that:

“In awarding fees in these amounts, the court has fully accepted the declaration of James P. Schratz in opposition to the motion, including all of his recommended reductions. The court finds his qualifications to be impressive. Likewise his reasoning as to why the fees sought are excessive is persuasive.”

   
   
   
   

We represent post petition lenders, secured creditors and other interested parties in bankruptcy proceedings where the reasonableness of professional fees are an issue.

            Professional fees in complicated bankruptcy cases, can reach hundreds of millions of dollars and in this difficult economic climate. Various parties faced with the responsibility of paying these fees are naturally concerned about possible excesses or inefficiencies. For example, in considering whether to object to another party’s fee application, the following questions should be asked:

  • Did any of the firms unreasonably raise their hourly rates contrary to the engagement letter and case law?
  • Did any of the firms engage in block billing or vague entries contrary to UST Guidelines and well established case law?
  • Did any of the firms bill for clerical work or other activity considered overhead?
  • Did any firms over-staff the case or send multiple attorneys to hearings contrary to local rules and case law?
  • Did any of the firms bill for preparing their fee application which some courts have disallowed?

            If you represent a client in a bankruptcy matter who may be opposing a fee application, click here for my article titled Billing Guidelines and Fee Disputes: A Case Law Review”.

            Over the past fifteen years, Jim Schratz and Associates has specialized in analyzing hundreds of millions of dollars in fee applications with excellent results.    In February 2010, in Department of Fair Employment and Housing v. United Dominion Realty (Case Nos. 07CC12067, 02CC12069), the court accepted our audit findings, stating that:

“In awarding fees in these amounts, the court has fully accepted the declaration of James P. Schratz in opposition to the motion, including all of his recommended reductions. The court finds his qualifications to be impressive.  Likewise his reasoning as to why the fees sought are excessive is persuasive   Emphasis added

       
    

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