On both ends of 2024, rate increases announced by Am Law 200 firms in bankruptcy court have largely emphasized raising the rates of professionals at the lower ends of their respective tiers, according to an American Lawyer analysis of 14 Am Law 200 firms.

While rate increases for top-billing partners hovered between 8% and 10% at most firms in the analysis, a majority of firms increased rates for their cheapest partners by 10% to 15%. Rate hikes for firms’ least-experienced associates were even more pronounced at a handful of large firms.