Exhibit B: Fees and Hours Budgeted Compared to Billed, Second Interim Period (Greenberg Traurig) — In re Kabbage, Inc. d/b/a KServicing, Case 22-10951-CTG, Doc. 822-3 (Filed 05/15/23)
Summary
Greenberg Traurig, LLP billed 219.8 hours and $201,666.00 against a budget of 295 hours and $272,875.00 during the second interim period in Case 22-10951-CTG, per Exhibit B to Doc 822-3 filed 05/15/23, with Board and Corporate Governance the largest category at 111.4 hours and $101,716.50 against $138,750.00 estimated. Employment and Fee Applications exceeded its 35.00 budgeted hours at 36.2, and the actual blended hourly rate for shareholders was $1,518.59 against $1,453.33 estimated, with 5 shareholders working against 3 expected.
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- Date
- 2023-05-15
Cite this document
“Exhibit B: Fees and Hours Budgeted Compared to Billed, Second Interim Period (Greenberg Traurig) — In re Kabbage, Inc. d/b/a KServicing, Case 22-10951-CTG, Doc. 822-3 (Filed 05/15/23).”
Original at archive.org, dated 2023-05-15. Archived at Pandemic Darlings, https://pandemicdarlings.com/source-documents/2023-05-15-kservicing-bankruptcy-b6f92c9e-1/
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Case 22-10951-CTG Doc 822-3 Filed 05/15/23 Page 1 of 1
Exhibit B
Comparison of Fees and Hours Budgeted to Fees and Hours
Billed During the Second Interim Period
Greenberg Traurig, LLP
Task Estimated Actual Estimated
Project Category Actual Fees
Code Hours Hours Billed Fees
KS003 Employment and Fee Applications 35.00 36.2 $32,375.00 $21,741.00
KS005 Board and Corporate Governance 150.00 111.4 $138,750.00 $101,716.50
KS006 Plan and Disclosure Statement 80.00 53.3 $74,000.00 $60,516.50
KS007 Court Hearings 30.00 18.9 $27,750.00 $17,692.00
Total: 295 219.8 $272,875.00 $201,666.00
Number of Actual
Timekeepers Number of Estimated
Category of Expected to Work Timekeepers Average Actual Blended
Timekeeper on Matter During During the Hourly Hourly Rate
the Second Second Rate
Interim Period Interim Period
Shareholders 3 5 $1,453.33 $1,518.59
Associates 1 2 $870.00 $868.92
Paralegals 1 1 $435.00 $435.00
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