`
`
`
`
`
`
`
`
`
`
`
`
`
`
`
`
`Exhibit 4
`
`
`
`
`
`
`
`
`
`Case 1:19-cv-03283-DLC Document 293-17 Filed 02/18/22 Page 1 of 7Case 5:18-md-02834-BLF Document 903-5 Filed 09/15/23 Page 2 of 8
`
`EXHIBIT 17
`
`
`
`
`
`Case 1:19-cv-03283-DLC Document 293-17 Filed 02/18/22 Page 2 of 7Case 5:18-md-02834-BLF Document 903-5 Filed 09/15/23 Page 3 of 8
`
`
`
`
`
`
`
`Valeo 2022 Law Firm
`Hourly Rate Report TM
`
`
`
`2022
`
` An exclusive report by
`
`
`
`
`
`
`
`Case 1:19-cv-03283-DLC Document 293-17 Filed 02/18/22 Page 3 of 7Case 5:18-md-02834-BLF Document 903-5 Filed 09/15/23 Page 4 of 8
`Valeo 2022 Law Firm Hourly Rate Report TM
`
`
`
`Section 2: Overall Rates and Practice Area Rates by Individual Firm
`
`#1 Kirkland & Ellis LLP
`
`
`
`
`
`
`Firm
`
`Kirkland & Ellis LLP
`Senior Partner
`Partner
`Counsel
`Senior Associate
`Associate
`Support Staff
`Overall
`
`
`
`
`2017
`Rate
`
`2018
`Rate
`
`$1,283
`$1,114
`$1,043
`$763
`$673
`$294
`$862
`
`
`
`
`$1,320
`$1,168
`$1,120
`$802
`$689
`$314
`$902
`
`
`
`%
`
`3%
`5%
`7%
`5%
`2%
`7%
`5%
`
`
`
`2019
`Rate
`
`%
`
`2020
`Rate
`
`%
`
`2021
`Rate
`
`7%
`6%
`9%
`10%
`3%
`8%
`7%
`
`
`
`$1,476
`$1,267
`$1,256
`$995
`$743
`$367
`$1,017
`
`
`
`$1,591
`5%
`$1,318
`3%
`$1,275
`3%
`12% $1,027
`5%
`$764
`9%
`$380
`5%
`$1,059
`
`
`
`
`
`$1,412
`$1,234
`$1,220
`$885
`$707
`$338
`$966
`
`
`
`
`
`
`%
`
`8%
`4%
`2%
`3%
`3%
`4%
`4%
`
`
`
`2022
`Rate
`
`%
`
`$1,684 6%
`$1,376 4%
`$1,326 4%
`$1,066 4%
`$789
`3%
`$396
`4%
`$1,106 4%
`
`
`
`
`
`#1 Kirkland & Ellis LLP
`
`$1,800
`
`$1,600
`
`$1,400
`
`$1,200
`
`$1,000
`
`$800
`
`$600
`
`$400
`
`$200
`
`$0
`
`Senior Partner
`
`Partner
`
`Counsel
`
`Senior Associate
`
`Associate
`
`Support Staff
`
`2017
`
`$1,283
`
`$1,114
`
`$1,043
`
`$763
`
`$673
`
`$294
`
`2018
`
`$1,320
`
`$1,168
`
`$1,120
`
`$802
`
`$689
`
`$314
`
`2019
`
`$1,412
`
`$1,234
`
`$1,220
`
`$885
`
`$707
`
`$338
`
`2020
`
`$1,476
`
`$1,267
`
`$1,256
`
`$995
`
`$743
`
`$367
`
`2021
`
`$1,591
`
`$1,318
`
`$1,275
`
`$1,027
`
`$764
`
`$380
`
`2022
`
`$1,684
`
`$1,376
`
`$1,326
`
`$1,066
`
`$789
`
`$396
`
`
`
`
`
`
`
`© 2021 Valeo Partners LLC
`
`360 | P a g e
`
`
`
`
`Case 1:19-cv-03283-DLC Document 293-17 Filed 02/18/22 Page 4 of 7Case 5:18-md-02834-BLF Document 903-5 Filed 09/15/23 Page 5 of 8
`Valeo 2022 Law Firm Hourly Rate Report TM
`
`
`
`#2 Latham & Watkins LLP
`
`
`
`
`
`
`Firm
`
`Latham & Watkins LLP
`Senior Partner
`Partner
`Counsel
`Senior Associate
`Associate
`Support Staff
`Overall
`
`
`
`
`2017
`Rate
`
`2018
`Rate
`
`$1,345
`$1,077
`$975
`$821
`$484
`$356
`$843
`
`
`
`
`$1,426
`$1,120
`$1,029
`$867
`$523
`$378
`$891
`
`
`
`%
`
`6%
`4%
`5%
`6%
`8%
`6%
`6%
`
`
`
`%
`
`8%
`4%
`4%
`2%
`5%
`7%
`5%
`
`
`
`2020
`Rate
`
`$1,678
`$1,190
`$1,117
`$954
`$577
`$436
`$992
`
`
`
`%
`
`9%
`3%
`5%
`8%
`5%
`7%
`6%
`
`
`
`2021
`Rate
`
`%
`
`2022
`Rate
`
`%
`
`$1,810
`$1,235
`$1,191
`$991
`$615
`$489
`$1,055
`
`
`
`8%
`4%
`7%
`4%
`6%
`12%
`6%
`
`
`
`$1,882 4%
`$1,289 4%
`$1,246 5%
`$1,028 4%
`$638
`4%
`$516
`6%
`$1,100 4%
`
`
`
`
`
`2019
`Rate
`
`$1,544
`$1,159
`$1,065
`$885
`$551
`$406
`$935
`
`
`
`
`
`
`#2 Latham & Watkins LLP
`
`$2,000
`$1,800
`$1,600
`$1,400
`$1,200
`$1,000
`$800
`$600
`$400
`$200
`$0
`
`Senior Partner
`
`Partner
`
`Counsel
`
`Senior Associate
`
`Associate
`
`Support Staff
`
`2017
`
`$1,345
`
`$1,077
`
`$975
`
`$821
`
`$484
`
`$356
`
`2018
`
`$1,426
`
`$1,120
`
`$1,029
`
`$867
`
`$523
`
`$378
`
`2019
`
`$1,544
`
`$1,159
`
`$1,065
`
`$885
`
`$551
`
`$406
`
`2020
`
`$1,678
`
`$1,190
`
`$1,117
`
`$954
`
`$577
`
`$436
`
`2021
`
`$1,810
`
`$1,235
`
`$1,191
`
`$991
`
`$615
`
`$489
`
`2022
`
`$1,882
`
`$1,289
`
`$1,246
`
`$1,028
`
`$638
`
`$516
`
`
`
`
`
`
`
`© 2021 Valeo Partners LLC
`
`396 | P a g e
`
`
`
`
`Case 1:19-cv-03283-DLC Document 293-17 Filed 02/18/22 Page 5 of 7Case 5:18-md-02834-BLF Document 903-5 Filed 09/15/23 Page 6 of 8
`Valeo 2022 Law Firm Hourly Rate Report TM
`
`
`
`#14 Simpson Thacher & Bartlett LLP
`
`
`
`
`
`
`Firm
`
`2017
`Rate
`Simpson Thacher & Bartlett LLP
`Senior Partner
`$1,302
`Partner
`$1,241
`Counsel
`$1,045
`Senior Associate
`$743
`Associate
`$674
`Support Staff
`$386
`Overall
`$899
`
`
`
`
`
`
`
`2018
`Rate
`
`%
`
`2019
`Rate
`
`%
`
`2020
`Rate
`
`$1,414
`$1,400
`$1,071
`$860
`$720
`$418
`$980
`
`
`
`$1,486
`9%
`13% $1,438
`2%
`$1,115
`16%
`$943
`7%
`$780
`8%
`$444
`9%
`$1,034
`
`
`
`
`
`$1,585
`5%
`$1,505
`3%
`$1,202
`4%
`10% $1,029
`8%
`$822
`6%
`$456
`6%
`$1,100
`
`
`
`
`
`%
`
`7%
`5%
`8%
`9%
`5%
`3%
`6%
`
`
`
`2021
`Rate
`
`%
`
`2022
`Rate
`
`%
`
`$1,788
`$1,589
`$1,350
`$1,170
`$846
`$473
`$1,203
`
`
`
`13% $1,854 4%
`6%
`$1,651 4%
`12% $1,403 4%
`14% $1,205 3%
`3%
`$894
`6%
`4%
`$490
`4%
`9%
`$1,249 4%
`
`
`
`
`
`
`
`
`
`
`#14 Simpson Thacher & Bartlett LLP
`
`$2,000
`$1,800
`$1,600
`$1,400
`$1,200
`$1,000
`$800
`$600
`$400
`$200
`$0
`
`Senior Partner
`
`Partner
`
`Counsel
`
`Senior Associate
`
`Associate
`
`Support Staff
`
`2017
`
`$1,302
`
`$1,241
`
`$1,045
`
`$743
`
`$674
`
`$386
`
`2018
`
`$1,414
`
`$1,400
`
`$1,071
`
`$860
`
`$720
`
`$418
`
`2019
`
`$1,486
`
`$1,438
`
`$1,115
`
`$943
`
`$780
`
`$444
`
`2020
`
`$1,585
`
`$1,505
`
`$1,202
`
`$1,029
`
`$822
`
`$456
`
`2021
`
`$1,788
`
`$1,589
`
`$1,350
`
`$1,170
`
`$846
`
`$473
`
`2022
`
`$1,854
`
`$1,651
`
`$1,403
`
`$1,205
`
`$894
`
`$490
`
`
`
`
`
`
`
`© 2021 Valeo Partners LLC
`
`793 | P a g e
`
`
`
`
`Case 1:19-cv-03283-DLC Document 293-17 Filed 02/18/22 Page 6 of 7Case 5:18-md-02834-BLF Document 903-5 Filed 09/15/23 Page 7 of 8
`Valeo 2022 Law Firm Hourly Rate Report TM
`
`
`
`#15 Davis Polk & Wardwell LLP
`
`
`
`
`
`
`Firm
`
`2017
`Rate
`Davis Polk & Wardwell LLP
`Senior Partner
`$1,289
`Partner
`$1,250
`Counsel
`$1,071
`Senior Associate
`$857
`Associate
`$796
`Support Staff
`$449
`Overall
`$952
`
`
`
`
`
`
`
`2018
`Rate
`
`%
`
`2019
`Rate
`
`%
`
`2020
`Rate
`
`$1,430
`$1,313
`$1,160
`$930
`$837
`$472
`$1,024
`
`
`
`11% $1,644
`5%
`$1,552
`8%
`$1,223
`9%
`$988
`5%
`$894
`5%
`$486
`7%
`$1,131
`
`
`
`
`
`15% $1,684
`18% $1,632
`5%
`$1,301
`6%
`$1,054
`7%
`$917
`3%
`$518
`10% $1,184
`
`
`
`
`
`%
`
`2%
`5%
`6%
`7%
`3%
`7%
`5%
`
`
`
`2021
`Rate
`
`%
`
`2022
`Rate
`
`%
`
`$1,790
`$1,755
`$1,345
`$1,165
`$982
`$568
`$1,267
`
`
`
`$1,869 4%
`6%
`$1,860 6%
`8%
`$1,397 4%
`3%
`10% $1,218 5%
`7%
`$1,024 4%
`9%
`$595
`5%
`7%
`$1,327 5%
`
`
`
`
`
`
`
`
`
`
`#15 Davis Polk & Wardwell LLP
`
`$2,000
`$1,800
`$1,600
`$1,400
`$1,200
`$1,000
`$800
`$600
`$400
`$200
`$0
`
`Senior Partner
`
`Partner
`
`Counsel
`
`Senior Associate
`
`Associate
`
`Support Staff
`
`2017
`
`$1,289
`
`$1,250
`
`$1,071
`
`$857
`
`$796
`
`$449
`
`2018
`
`$1,430
`
`$1,313
`
`$1,160
`
`$930
`
`$837
`
`$472
`
`2019
`
`$1,644
`
`$1,552
`
`$1,223
`
`$988
`
`$894
`
`$486
`
`2020
`
`$1,684
`
`$1,632
`
`$1,301
`
`$1,054
`
`$917
`
`$518
`
`2021
`
`$1,790
`
`$1,755
`
`$1,345
`
`$1,165
`
`$982
`
`$568
`
`2022
`
`$1,869
`
`$1,860
`
`$1,397
`
`$1,218
`
`$1,024
`
`$595
`
`
`
`
`
`
`
`© 2021 Valeo Partners LLC
`
`816 | P a g e
`
`
`
`
`Case 1:19-cv-03283-DLC Document 293-17 Filed 02/18/22 Page 7 of 7Case 5:18-md-02834-BLF Document 903-5 Filed 09/15/23 Page 8 of 8
`Valeo 2022 Law Firm Hourly Rate Report TM
`
`
`
`#20 Paul, Weiss, Rifkind, Wharton & Garrison LLP
`
`
`
`
`
`
`Firm
`
`2018
`2017
`Rate
`Rate
`Paul, Weiss, Rifkind, Wharton & Garrison LLP
`Senior Partner
`$1,389
`$1,451
`Partner
`$1,209
`$1,254
`Counsel
`$1,028
`$1,072
`Senior Associate
`$798
`$868
`Associate
`$606
`$646
`Support Staff
`$445
`$462
`Overall
`$913
`$959
`
`
`
`
`
`
`
`
`
`%
`
`4%
`4%
`4%
`9%
`7%
`4%
`5%
`
`
`
`2019
`Rate
`
`%
`
`2020
`Rate
`
`7%
`6%
`7%
`9%
`11%
`5%
`7%
`
`
`
`$1,636
`$1,411
`$1,182
`$1,015
`$753
`$512
`$1,085
`
`
`
`$1,553
`$1,324
`$1,149
`$945
`$720
`$484
`$1,029
`
`
`
`
`
`
`%
`
`5%
`7%
`3%
`8%
`5%
`6%
`5%
`
`
`
`2021
`Rate
`
`%
`
`2022
`Rate
`
`%
`
`$1,716
`$1,463
`$1,241
`$1,170
`$795
`$523
`$1,151
`
`
`
`$1,803 5%
`5%
`$1,544 5%
`4%
`$1,294 4%
`5%
`15% $1,226 5%
`6%
`$841
`6%
`2%
`$542
`4%
`6%
`$1,209 5%
`
`
`
`
`
`
`
`#20 Paul, Weiss, Rifkind, Wharton & Garrison LLP
`
`$2,000
`$1,800
`$1,600
`$1,400
`$1,200
`$1,000
`$800
`$600
`$400
`$200
`$0
`
`Senior Partner
`
`Partner
`
`Counsel
`
`Senior Associate
`
`Associate
`
`Support Staff
`
`2017
`
`$1,389
`
`$1,209
`
`$1,028
`
`$798
`
`$606
`
`$445
`
`2018
`
`$1,451
`
`$1,254
`
`$1,072
`
`$868
`
`$646
`
`$462
`
`2019
`
`$1,553
`
`$1,324
`
`$1,149
`
`$945
`
`$720
`
`$484
`
`2020
`
`$1,636
`
`$1,411
`
`$1,182
`
`$1,015
`
`$753
`
`$512
`
`2021
`
`$1,716
`
`$1,463
`
`$1,241
`
`$1,170
`
`$795
`
`$523
`
`2022
`
`$1,803
`
`$1,544
`
`$1,294
`
`$1,226
`
`$841
`
`$542
`
`
`
`
`
`
`
`© 2021 Valeo Partners LLC
`
`974 | P a g e
`
`