Exhibit D 

Budget and Staffing Plan

Case:17-03283-LTS Doc#:23907-4 Filed:03/31/23 Entered:03/31/23 15:02:58 Desc:

Exhibit D Page 1 of 5
Exhibit D-1 

Budget Plan for the Compensation Period 

 

Case:17-03283-LTS Doc#:23907-4 Filed:03/31/23 Entered:03/31/23 15:02:58 Desc:

Exhibit D Page 2 of 5
Actual Fees Estimated Fees Actual Fees Estimated Fees Actual Fees Estim

33260.0002 PROMESA TITLE III: COMMONWEALTH 3,228,253.30 $ 3,500,000.00 $ 3,384,667.40 $ 3,500,000.00 $ 3,243,340.30 $ 3,

$ 

33260.0024 COMMONWEALTH - PR TIME (on-island fees) 37,617.30 $ 45,000.00 $ 1,876.60 $ - $ - $ 

$ 

33260.0034 COMMONWEALTH TITLE III - HEALTHCARE 3,241.40 $ 5,000.00 $ 10,662.50 $ 10,000.00 $ 6,738.70 $ 

$ 

33260.0036 COMMONWEALTH TITLE III - UPR 6,568.10 $ 10,000.00 $ - $ 10,000.00 $ 1,535.40 $ 

$ 

33260.0039 COMMONWEALTH TITLE III - RULE 2004 46,829.70 $ 50,000.00 $ 16,804.10 $ 25,000.00 $ - $ 

$ 

33260.0040 COMMONWEALTH TITLE III - COOPERATIVAS - $ - $ - $ - $ 170.60 $ 

33260.0041 COMMONWEALTH TITLE III - MISCELLANEOUS 74,849.20 $ 85,000.00 $ 152,667.90 $ 175,000.00 $ 71,572.50 $ 

$ 

33260.0061 COMMONWEALTH TITLE III - FISCAL PLAN/BUDGET LITIGATION - $ - $ - $ - $ 13,733.30 $ 

$ 

33260.0069 CW - APPU v. UNIVERSITY OF PUERTO RICO - $ - $ 1,023.60 $ 5,000.00 $ 7,591.70 $ 

$ 

33260.0077 COMMONWEALTH TITLE III - COOPERATIVAS V. COSSEC 56,740.30 $ 70,000.00 $ 41,056.20 $ 50,000.00 $ 11,003.70 $ 

$ 

33260.0081 COMMONWEALTH TITLE III - LAW 29 ACTION - $ - $ - $ - $ - $ 

$ 

33260.0089 ACTION OBJECTING TO PROOFS OF CLAIM FILED BY PRIFA BONDHOLDERS 115,060.60 $ 125,000.00 $ 104,407.20 $ 125,000.00 $ - $ 

$ 

33260.0090 ACTION OBJECTING TO PROOFS OF CLAIM FILED BY CCDA BONDHOLDERS 50,376.10 $ 50,000.00 $ 2,303.10 $ 10,000.00 $ - $ 

$ 

33260.0093 CW- HTA REVENUE BOND COMPLAINT 309,065.50 $ 350,000.00 $ 245,201.30 $ 300,000.00 $ 87.30 $ 

$ 

33260.0094 CHALLENGES RE: CERTAIN LAWS AND ORDERS 289,489.10 $ 325,000.00 $ 218,487.30 $ 275,000.00 $ 178,901.90 $ 

$ 

33260.0097 AMBAC BANKRUPTCY LAW CHALLENGE - $ - $ - $ - $ 170.60 $ 

$ 

33260.0100 COMMONWEALTH TITLE III - CHALLENGE TO PENSION LAWS 179,614.70 $ 200,000.00 $ 242,982.40 $ 250,000.00 $ 621,562.20 $ 

$ 

33260.0104 SECTION 204 CORRESPONDENCE 354,759.20 $ 400,000.00 $ 182,333.20 $ 225,000.00 $ 212,574.50 $ 

$ 

33260.0107 LA LIGA DE CIUDADES 68,587.20 $ 75,000.00 $ 42,647.80 $ 50,000.00 $ - $ 

$ 

33260.0108 COMMONWEALTH TITLE III - ACT 167 19,213.40 $ 25,000.00 $ 1,450.10 $ 10,000.00 $ 4,862.10 $ 

$ 

33260.0114 R&D MASTER ENTERPRISES - $ - $ 86,302.50 $ 100,000.00 $ 117,830.40 $ 

$ 

33260.0115 DRA AMBAC ADVERSARY PROCEEDING - $ - $ 264,434.00 $ 300,000.00 $ 734,414.00 $ 

$ 

$ 5,315,000.00 4,840,265.10 $ 4,999,307.20 $ 5,420,000.00 $ 5,226,089.20 $ 5,

$ 

 Percent Variance (Actual vs. Budgeted Fees)  Commonwealth TOTAL ESTIMATED FEES Compensation Period (June 2021 - September 2021) TOTAL:  ACTUAL FEES Compensation Period (June 2021 - September 2021) TOTAL: 

June 2021 July 2021 August 202

Matter No. Matter

Case:17-03283-LTS Doc#:23907-4 Filed:03/31/23 Entered:03/31/23 15:02:58 D

Exhibit D Page 3 of 5
 

Exhibit D-2 

Staffing Plan for the Compensation Period 

Case:17-03283-LTS Doc#:23907-4 Filed:03/31/23 Entered:03/31/23 15:02:58 Desc:

Exhibit D Page 4 of 5
 

Staffing Plan for the Compensation Period1

Category of Timekeeper2 Number of 

Timekeepers Expected 

to Work on The Matter 

During the Budget Period3

Average Hourly Rate4

Partners 38 $853 

Senior Counsel 7 $853 

Associates 56 $853 

e-Discovery Attorneys 10 $421 

Paraprofessionals 24 $291 

Total: 135 

1

 The actual number of timekeepers who worked on this matter during the Compensation Period was 126, and thus 9 

fewer than anticipated. 

2

 Attorney Practice Groups: BSGR&B, Tax, Health Care, Labor & Employment, Litigation, and Corporate. 

3

 The chart reflects Proskauer’s staffing plan for the designated period based on currently foreseeable activities. 

Actual staffing needs, including additional attorneys, may vary materially based on actual facts and circumstances 

arising in the designated period, including as a result of currently unanticipated disputes. The staffing plan currently 

includes attorneys from the BSGR&B, Tax, Health Care, Labor & Employment, Litigation, and Corporate practice 

groups. The expertise of attorneys from other specialized areas is likely to be required during the course of these 

PROMESA Title III cases. 

4

 Pursuant to the Engagement Letter, Proskauer’s rates increased 4% effective January 1, 2021, yielding a new flat 

rate for attorneys (partners, senior counsel, and associates) of $853 per hour, for e-discovery attorneys of $421 per 

hour, and for paraprofessionals of $291 per hour. Rates have not increased during this Compensation Period. 

Case:17-03283-LTS Doc#:23907-4 Filed:03/31/23 Entered:03/31/23 15:02:58 Desc:

Exhibit D Page 5 of 5