EXHIBIT A 

CUSTOMARY AND COMPARABLE COMPENSATION DISCLOSURES 

(See Guidelines ¶ C.3. for definitions of terms used in this Exhibit.) 

The blended hourly rate for Paul Hastings timekeepers in the New York office who billed to nonbankruptcy matters (collectively, the “Non-Bankruptcy Matters”)1

 during the twelve-month 

period beginning on February 1, 2022 and ending on January 31, 2023 was, in the aggregate, 

approximately $1,094 per hour (the “Non-Bankruptcy Blended Hourly Rate”). The blended 

hourly rate for Paul Hastings’ timekeepers in the Title III Cases during the Application Period 

was approximately $1,259 per hour (the “Committee Blended Hourly Rate”). A detailed 

comparison of these rates follows:2 

CATEGORY OF 

TIMEKEEPER 

(using categories already 

maintained by the firm) 

BLENDED HOURLY RATE 

NON-BANKRUPTCY 

BLENDED HOURLY 

RATE 

COMMITTEE 

BLENDED HOURLY 

RATE3

COMMITTEE 

BLENDED HOURLY 

RATE (AFTER 20% 

REDUCTION)4

Partner $1,469 $1,631 $1,305 

Counsel $1,270 $1,362 $1,089 

Associate $877 $1,044 $835 

All timekeepers aggregated $1,094 $1,259 $1,007 

 

1

 It is the nature of Paul Hastings’ practice that certain non-bankruptcy engagements require the advice and 

counsel of professionals and paraprofessionals who work primarily within Paul Hastings’ restructuring group. 

Accordingly, the Non-Bankruptcy Matters consist of matters for which Paul Hastings’ timekeepers represented 

a client in matters other than court-approved engagements as counsel for the debtor, the chapter 11 trustee, or an 

official committee under the Bankruptcy Code. As such, the Non-Bankruptcy Matters include, in part, time 

billed by Paul Hastings’ timekeepers who work primarily within Paul Hastings’ restructuring group. 

2

 Luc A. Despins, the lead attorney on this matter and the chair of Paul Hastings’ Global Restructuring Practice, 

brings to the Title III Cases over 35 years of experience representing debtors and creditors in high profile and 

complex restructuring matters. Given the complexity and challenges faced by the Committee in these cases, a 

significant amount of time by senior partners, of counsel, and senior associates, including Mr. Despins, Mr. 

Jimenez, Mr. Bongartz, and Mr. Maza has been necessary. Because their rates are at the higher end of the range 

of rates billed by Paul Hastings partners, of counsel, and associates, respectively, and in light of the fact that a 

significant amount of senior partner, of counsel, and senior associate time has been required for this 

engagement, the blended rate for this case moved to the higher end of the range of rates billed by Paul Hastings 

partners, of counsel, and associates. Significantly, Paul Hastings reduced the hourly rate of Luc A. Despins for 

the Application Period, resulting in a reduction of $15,012.50 in fees. 

3 The calculation of the Committee Blended Hourly Rate does not take into account Paul Hastings’ 

agreement to reduce its fees by an amount equal to 20% of its total case fees, with the precise fees to be 

waived to attain the 20% reduction to be designated by Paul Hastings (in its sole discretion) in connection 

with the final fee application process. The impact of the 20% end of the case write-off on the Committee 

Blended Hourly Rate cannot be calculated at this time. 

4 For illustrative purposes only. 

Case:17-03283-LTS Doc#:23813-1 Filed:03/15/23 Entered:03/15/23 18:10:13 Desc:

Exhibit A Page 1 of 2
2 

Case Name: In re The Financial Oversight and Management Board for Puerto Rico, as 

representative of The Commonwealth of Puerto Rico, et al. 

Case Number: 17-BK-3283 (LTS) 

Applicant’s Name: Paul Hastings LLP 

Date of Application: March 15, 2023 

Interim or Final: Seventeenth Interim 

 

Case:17-03283-LTS Doc#:23813-1 Filed:03/15/23 Entered:03/15/23 18:10:13 Desc:

Exhibit A Page 2 of 2