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 June 1, 2017 and ending on May 31, 2018 was, in the aggregate, 

approximately $798 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 $931 per hour (the “Committee Blended Hourly Rate”).2 A detailed comparison 

of these rates follows:3

CATEGORY OF TIMEKEEPER 

(using categories already maintained 

by the firm) 

BLENDED HOURLY RATE 

NON-BANKRUPTCY 

BLENDED HOURLY 

RATE 

COMMITTEE 

BLENDED 

HOURLY RATE 

Partner $1,067 $1,213 

Counsel $1,000 $1,122 

Associate $674 $775 

All timekeepers aggregated $798 $931 

 

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 retained in accordance with section 327(a) 

or 327(e) of 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

 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. However, for illustrative purposes only, the 

blended hourly rate, after accounting for the 20% discount, would be approximately $678. 

3

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

brings to the Title III Cases over 30 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 and of counsel attorneys, including Mr. Despins, James Bliss, 

James Worthington, Michael Comerford, and G. Alexander Bongartz has been necessary. Because their rates 

are at the higher end of the range of rates billed by Paul Hastings partners and of counsel, respectively, and in 

light of the fact that a significant amount of senior partner and of counsel 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 partners and 

of counsel in Paul Hastings’ New York office. Significantly, Paul Hastings reduced the hourly rate of Luc A. 

Despins from $1,400 to $1,395 and G. Alexander Bongartz from $1,200 to $1,125 for the Application Period, 

resulting in a reduction of $53,075.25 in fees. 

Case:17-03283-LTS Doc#:3568-1 Filed:07/16/18 Entered:07/16/18 20:51:10 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: July 16, 2018 

Interim or Final: Third Interim 

 

Case:17-03283-LTS Doc#:3568-1 Filed:07/16/18 Entered:07/16/18 20:51:10 Desc:

Exhibit A Page 2 of 2