Proceedings.

What the professionals charged

3,597 bills from 234 firms on 874 matters · 9,084 stated hourly rates · as the filings state them

The rate ladder, drawn to scaleThe ladder

CAD · standard rates · drawn at 12 or more

Each bar runs from the 25th to the 75th percentile of the stated standard hourly rates in the band, with the median marked — the bar and its three figures are for subscribers. One observation per person per rate, Canadian dollars, undiscounted, on matters with no recognition proceeding.A band with fewer than 12 observations draws nothing.

The rate ladder is drawn for subscribers — the 25th, median and 75th percentile of 9,084 stated hourly rates, band by band. The bands and their counts are open to everyone.

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143 of 43 stated rates · KSV Restructuring Inc.
PersonFirmCasePeriodRate Source
Robert KofmanPresident and Managing Director · officers of the court · partnerKSV Restructuring Inc.ReceiverSam M (180 SAW) LP Inc. and Sam M (180 SAW) Inc.ON · closed4 Jun – 30 Nov 2024•••Third Report of the Receiver dated December 10, 2024
Robert KofmanKSV Restructuring Inc.ReceiverTowns of Thornbury (2521311 Ontario Inc.)ON · closed1 Oct – 31 Oct 2024•••Second Report of the Receiver dated November 14, 2024
Robert KofmanKSV Restructuring Inc.ReceiverStateview Group of CompaniesON1 Feb – 31 Oct 2024•••Fourteenth Report of the Receiver dated March 12, 2025
Robert KofmanKSV Restructuring Inc.ReceiverTowns of Thornbury (2521311 Ontario Inc.)ON · closed1 Aug – 30 Sep 2024•••Second Report of the Receiver dated November 14, 2024
Robert KofmanKSV Restructuring Inc.ReceiverTowns of Thornbury (2521311 Ontario Inc.)ON · closed1 Sep – 30 Sep 2024•••Motion Record of the Receiver (returnable November 28, 2024)
Robert KofmanKSV Restructuring Inc.ReceiverTowns of Thornbury (2521311 Ontario Inc.)ON · closed1 Aug – 31 Aug 2024•••Motion Record of the Receiver (returnable November 28, 2024)
Robert KofmanOverall responsibilityKSV Restructuring Inc.Receiver72 James Investments Inc., Forge & Foster Holdings Inc. and Clifton Blake Partners LPON · closed20 Apr – 31 Jul 2024•••Third Report of the Receiver dated August 30, 2024
Robert KofmanKSV Restructuring Inc.Receiver72 James Investments Inc., Forge & Foster Holdings Inc. and Clifton Blake Partners LPON · closed1 Jul – 31 Jul 2024•••Third Report of the Receiver dated August 30, 2024
Robert KofmanKSV Restructuring Inc.Receiver72 James Investments Inc., Forge & Foster Holdings Inc. and Clifton Blake Partners LPON · closed1 Jun – 30 Jun 2024•••Third Report of the Receiver dated August 30, 2024
Robert KofmanKSV Restructuring Inc.Receiver72 James Investments Inc., Forge & Foster Holdings Inc. and Clifton Blake Partners LPON · closed1 May – 31 May 2024•••Third Report of the Receiver dated August 30, 2024
Robert KofmanKSV Restructuring Inc.Receiver72 James Investments Inc., Forge & Foster Holdings Inc. and Clifton Blake Partners LPON · closed1 Apr – 30 Apr 2024•••Third Report of the Receiver dated August 30, 2024
Robert KofmanOverall responsibilityKSV Restructuring Inc.Receiver72 James Investments Inc., Forge & Foster Holdings Inc. and Clifton Blake Partners LPON · closed13 Feb – 19 Apr 2024•••Second Report of the Receiver dated April 24, 2024
Robert KofmanKSV Restructuring Inc.ReceiverTowns of Thornbury (2521311 Ontario Inc.)ON · closed•••Motion Record of the Receiver (returnable November 28, 2024)
Noah GoldsteinManaging Director · officers of the court · partner · Overall responsibilityKSV Restructuring Inc.Receiver111 Sherwood Investments Inc.ON · closedto 31 Dec 2024•••Second Report of the Receiver dated January 21, 2025
Noah GoldsteinOverall responsibilityKSV Restructuring Inc.ReceiverChurchill Lands United Inc.ON · closedto 19 Nov 2024•••Motion Record of the Receiver dated November 26, 2024
Noah GoldsteinKSV Restructuring Inc.Receiver111 Sherwood Investments Inc.ON · closedto 31 Oct 2024•••Motion Record of the Receiver dated January 21, 2025 - Part…
Noah GoldsteinKSV Restructuring Inc.Receiver111 Sherwood Investments Inc.ON · closed1 Aug – 30 Sep 2024•••Motion Record of the Receiver dated January 21, 2025 - Part…
Noah GoldsteinKSV Restructuring Inc.Receiver111 Sherwood Investments Inc.ON · closedto 31 Jul 2024•••Motion Record of the Receiver dated January 21, 2025 - Part…
Robert HarlangKSV Restructuring Inc.Receiver72 James Investments Inc., Forge & Foster Holdings Inc. and Clifton Blake Partners LPON · closed1 Jul – 31 Jul 2024•••Third Report of the Receiver dated August 30, 2024
Jordan WongDirector · All aspects of mandateKSV Restructuring Inc.Receiver111 Sherwood Investments Inc.ON · closedto 31 Dec 2024•••Second Report of the Receiver dated January 21, 2025
Jordan WongDirectorKSV Restructuring Inc.ReceiverSam M (180 SAW) LP Inc. and Sam M (180 SAW) Inc.ON · closed4 Jun – 30 Nov 2024•••Third Report of the Receiver dated December 10, 2024
Jordan WongKSV Restructuring Inc.Receiver111 Sherwood Investments Inc.ON · closedto 30 Nov 2024•••Motion Record of the Receiver dated January 21, 2025 - Part…
Jordan WongAll aspects of the mandateKSV Restructuring Inc.ReceiverChurchill Lands United Inc.ON · closedto 19 Nov 2024•••Motion Record of the Receiver dated November 26, 2024
Jordan WongKSV Restructuring Inc.Receiver111 Sherwood Investments Inc.ON · closedto 31 Oct 2024•••Motion Record of the Receiver dated January 21, 2025 - Part…
Jordan WongKSV Restructuring Inc.ReceiverStateview Group of CompaniesON1 Feb – 31 Oct 2024•••Fourteenth Report of the Receiver dated March 12, 2025
Jordan WongKSV Restructuring Inc.Receiver111 Sherwood Investments Inc.ON · closed1 Aug – 30 Sep 2024•••Motion Record of the Receiver dated January 21, 2025 - Part…
Jordan WongKSV Restructuring Inc.Receiver111 Sherwood Investments Inc.ON · closedto 31 Jul 2024•••Motion Record of the Receiver dated January 21, 2025 - Part…
Meg OstlingKSV Restructuring Inc.Receiver72 James Investments Inc., Forge & Foster Holdings Inc. and Clifton Blake Partners LPON · closed1 Jul – 31 Jul 2024•••Third Report of the Receiver dated August 30, 2024
Meg OstlingAll aspects of mandateKSV Restructuring Inc.Receiver72 James Investments Inc., Forge & Foster Holdings Inc. and Clifton Blake Partners LPON · closed20 Apr – 31 Jul 2024•••Third Report of the Receiver dated August 30, 2024
Meg OstlingKSV Restructuring Inc.Receiver72 James Investments Inc., Forge & Foster Holdings Inc. and Clifton Blake Partners LPON · closed1 Jun – 30 Jun 2024•••Third Report of the Receiver dated August 30, 2024
Meg OstlingKSV Restructuring Inc.Receiver72 James Investments Inc., Forge & Foster Holdings Inc. and Clifton Blake Partners LPON · closed1 May – 31 May 2024•••Third Report of the Receiver dated August 30, 2024
Meg OstlingKSV Restructuring Inc.Receiver72 James Investments Inc., Forge & Foster Holdings Inc. and Clifton Blake Partners LPON · closed1 Apr – 30 Apr 2024•••Third Report of the Receiver dated August 30, 2024
Meg OstlingAll aspects of mandateKSV Restructuring Inc.Receiver72 James Investments Inc., Forge & Foster Holdings Inc. and Clifton Blake Partners LPON · closed13 Feb – 19 Apr 2024•••Second Report of the Receiver dated April 24, 2024
Ben LuderManager · All aspects of mandateKSV Restructuring Inc.Receiver111 Sherwood Investments Inc.ON · closedto 31 Dec 2024•••Second Report of the Receiver dated January 21, 2025
Ben LuderKSV Restructuring Inc.Receiver111 Sherwood Investments Inc.ON · closedto 30 Nov 2024•••Motion Record of the Receiver dated January 21, 2025 - Part…
Maha ShahKSV Restructuring Inc.ReceiverTowns of Thornbury (2521311 Ontario Inc.)ON · closed1 Oct – 31 Oct 2024•••Second Report of the Receiver dated November 14, 2024
Ben LuderKSV Restructuring Inc.Receiver111 Sherwood Investments Inc.ON · closed1 Aug – 30 Sep 2024•••Motion Record of the Receiver dated January 21, 2025 - Part…
Maha ShahKSV Restructuring Inc.ReceiverTowns of Thornbury (2521311 Ontario Inc.)ON · closed1 Aug – 30 Sep 2024•••Second Report of the Receiver dated November 14, 2024
Maha ShahKSV Restructuring Inc.ReceiverTowns of Thornbury (2521311 Ontario Inc.)ON · closed1 Sep – 30 Sep 2024•••Motion Record of the Receiver (returnable November 28, 2024)
Maha ShahKSV Restructuring Inc.ReceiverTowns of Thornbury (2521311 Ontario Inc.)ON · closed1 Aug – 31 Aug 2024•••Motion Record of the Receiver (returnable November 28, 2024)
Ben LuderKSV Restructuring Inc.Receiver111 Sherwood Investments Inc.ON · closedto 31 Jul 2024•••Motion Record of the Receiver dated January 21, 2025 - Part…
Maha ShahKSV Restructuring Inc.ReceiverWallace & Carey Inc., Loudon Bros Limited, and Carey Management Inc.AB17 Nov 2023 – 31 Mar 2024•••Fee Affidavit Jason Knight sworn April 10, 2024
Maha ShahKSV Restructuring Inc.ReceiverTowns of Thornbury (2521311 Ontario Inc.)ON · closed•••Motion Record of the Receiver (returnable November 28, 2024)

What a bill looks likeBenchmarks

Measured across the record

A partner's hour

•••

median of each bill's top standard rate, 2026, over 178 bills; 195 in 2025

The blended rate, stated

•••

median of the average hourly rates filings state outright, counsel, over 945 bills. A further 74 bills state fees and hours and no rate; that quotient is kept as its own series and never mixed in.

Counsel by year of call

•••

median standard rate by years since call — 0-4 years (224), 5-9 years (151), 10-19 years (212), 20+ years (264)

Where the rates are

3,597 bills

monitor 591 · receiver 1,013 · interim receiver 38 · trustee 64 · …

Who bills these estatesWho bills

Named in the filings
  1. KSV Restructuring Inc.Information officer · Interim receiver · Monitor · Proposal trustee · Receiver · Trustee · 108 matters354
  2. Deloitte Restructuring Inc.Interim receiver · Liquidator · Monitor · Proposal trustee · Receiver · Trustee · 64 matters191
  3. MNP Ltd.Interim receiver · Liquidator · Monitor · Proposal trustee · Receiver · Trustee · 96 matters182
  4. FTI Consulting Canada Inc.Information officer · Monitor · Receiver · 49 matters181
  5. Ernst & Young Inc.Information officer · Monitor · Proposal trustee · Receiver · 42 matters136
  6. Cassels Brock & Blackwell LLPCounsel · 45 matters129
  7. BDO Canada LimitedInterim receiver · Liquidator · Monitor · Proposal trustee · Receiver · Trustee · 68 matters122
  8. Aird & Berlis LLPCounsel · 61 matters103
  9. Alvarez & Marsal Canada Inc.Information officer · Liquidator · Monitor · Proposal trustee · Receiver · 41 matters91
  10. PricewaterhouseCoopers Inc.Information officer · Monitor · Proposal trustee · Receiver · Trustee · 30 matters74
  11. Grant Thornton LimitedInterim receiver · Monitor · Proposal trustee · Receiver · Trustee · 35 matters67
  12. Dentons Canada LLPCounsel · 31 matters62

Bills, counted one per firm per period however many filings restate it. 234 firms appear in the record; these are the 12 with the most.

How to read thisMethod

The frame. Every figure here comes from a fee affidavit, a passing of accounts, a motion record or an officer's report that a court file holds — fees that were filed for approval, which skews to the larger, longer and more contested mandates. It is not a survey of all insolvency work.

The series. The ladder and the tiles use standard hourly rates of named people, in Canadian dollars, on bills with no courtesy discount and on matters with no recognition proceeding. Discounted bills, stated averages and the rare bill that states fees and hours but no rate are kept as separate series and never mixed in. Nothing is drawn from fewer than 12 observations.

What it is not. A court does not test a bill by hours × rate; it asks what value was delivered (Bank of Nova Scotia v. Diemer, 2014 ONCA 851). This page shows what comparable mandates charged, never what a bill should have been. The record holds sixteen Québec fee documents and no French rate tables; it is not a benchmark for Québec.

Every fact carries its document. Each bill and each rate links to the filing that states it; each benchmark cell can be traced to the rates it was computed from through the rates view.

Facts and summaries are extracted automatically from the court filings linked on each page; the filings remain the authoritative record. Suggested corrections are reviewed against the source filings.