LIV bankruptcy filings put $3,000-plus partner rates and discounts in the same record

On October 27, 2026, Reuters reported that Willkie partners and senior counsel proposed rates of $2,350–$3,100 in LIV Golf’s bankruptcy, while debtor’s counsel Gibson Dunn disclosed partner rates of $2,090–$3,240 and a 20% aggregate fee discount. Gibson Dunn billed more than $1.6 million for September, according to the filing reviewed by Reuters. The disclosures show why headline rates and realized economics must be separated: court-facing rates can exceed $3,000 while negotiated discounts still shape collected revenue. Firms should model discount leakage, leverage and matter duration together before treating premium-rate acceptance as evidence of margin.