Cadwalader, Wickersham & Taft steeply discounted its billing rates for work on behalf of the U.S. Treasury Department related to the Troubled Assets Relief Program.
Documents obtained from the department under a Freedom of Information Act request show that partners at the New York-based firm normally charge between $625 and $1,050 per hour. But for 500 hours of work advising the department on “highly complex bankruptcy issues in order to appropriately structure possible Treasury loans or to other investments in multiple large institutions,” the price was $525 an hour.
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