Vertex Energy Bankruptcy Fees Hit $2,450 an Hour

The legal and financial advisors in the Vertex Energy bankruptcy and restructuring have filed their applications for official employment, and the numbers never cease to amaze.

In its petition to U.S. Bankruptcy Judge Christopher Lopez, Vertex’s lead legal counsel Kirkland & Ellis said its partners working for the debtor will charge hourly rates ranging from $1,195 to $2,450. Kirkland’s of counsel rates start at $820 an hour and go to $2,245. Rates for the firm’s associates go from $745 to $1,495. And paralegals at Kirkland have hourly billing rates between $325 and $625.