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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5191 of 91 bills · Alvarez & Marsal Canada Inc.
FirmCasePeriod FeesRatesSource
Alvarez & Marsal Canada Inc.Receiverperiod 2 of 3 on this matterVoice Construction Ltd., Voice Management Ltd., Earth & Energy Construction Ltd., Voice Holdings Ltd., Voice Construction OPCO ULC, and 2012442 Alberta Ltd.Alberta · Receivership (court-appointed) · closed31 Oct 2019 – 31 Oct 2020cumulative•••Seventh Report of the Receiver (November…18 Nov 2020
Alvarez & Marsal Canada Inc.Information officerperiod 9 of 9 on this matterPier 1 Imports, Inc.Ontario · Foreign recognition (CCAA)6 Feb – 7 Oct 2020cumulative••••••Sixth Report of the Information Officer…8 Oct 2020
Alvarez & Marsal Canada Inc.Information officerperiod 9 of 9 on this matterPier 1 Imports, Inc.Ontario · Foreign recognition (CCAA)26 Jul – 7 Oct 2020••••••4 peopleSixth Report of the Information Officer…8 Oct 2020
Alvarez & Marsal Canada Inc.Receiverperiod 8 of 8 on this matter2423402 Ontario Inc.Ontario · Receivership (court-appointed) · closed26 Jul – 30 Sep 2020••••••2 peopleFirst Report of the Receiver (November 2,…2 Nov 2020
Alvarez & Marsal Canada Inc.Receiverperiod 2 of 2 on this matterArres Capital Inc.Alberta · Receivership (court-appointed) · closed1 Jul 2019 – 31 Jul 2020•••Fifth Report of the Receiver (August 26,…26 Aug 2020
Alvarez & Marsal Canada Inc.Receiverperiod 7 of 8 on this matter2423402 Ontario Inc.Ontario · Receivership (court-appointed) · closed22 Mar – 25 Jul 2020••••••2 peopleFirst Report of the Receiver (November 2,…2 Nov 2020
Alvarez & Marsal Canada Inc.Information officerperiod 7 of 9 on this matterPier 1 Imports, Inc.Ontario · Foreign recognition (CCAA)28 Jun – 25 Jul 2020••••••3 peopleSixth Report of the Information Officer…8 Oct 2020
Alvarez & Marsal Canada Inc.Information officerperiod 6 of 9 on this matterPier 1 Imports, Inc.Ontario · Foreign recognition (CCAA)24 May – 27 Jun 2020••••••3 peopleSixth Report of the Information Officer…8 Oct 2020
Alvarez & Marsal Canada Inc.Information officerperiod 5 of 9 on this matterPier 1 Imports, Inc.Ontario · Foreign recognition (CCAA)19 Apr – 23 May 2020••••••4 peopleSixth Report of the Information Officer…8 Oct 2020
Alvarez & Marsal Canada Inc.Receiverperiod 3 of 6 on this matterLREIT Holdings 34 CorporationAlberta · Receivership (court-appointed) · closed28 Feb 2019 – 30 Apr 2020Approved•••Fourth Report of the Receiver (June 28,…28 Jun 2021
Alvarez & Marsal Canada Inc.Receiverperiod 3 of 6 on this matterLREIT Holdings 34 CorporationAlberta · Receivership (court-appointed) · closed1 Oct 2019 – 30 Apr 2020Sought•••Third Report of the Receiver (June 15, 2020)15 Jun 2020
Alvarez & Marsal Canada Inc.Information officerperiod 4 of 9 on this matterPier 1 Imports, Inc.Ontario · Foreign recognition (CCAA)15 Mar – 18 Apr 2020••••••4 peopleSixth Report of the Information Officer…8 Oct 2020
Alvarez & Marsal Canada Inc.Receiverperiod 6 of 8 on this matter2423402 Ontario Inc.Ontario · Receivership (court-appointed) · closed24 Nov 2019 – 21 Mar 2020••••••2 peopleFirst Report of the Receiver (November 2,…2 Nov 2020
Alvarez & Marsal Canada Inc.Information officerperiod 3 of 9 on this matterPier 1 Imports, Inc.Ontario · Foreign recognition (CCAA)23 Feb – 14 Mar 2020••••••4 peopleSixth Report of the Information Officer…8 Oct 2020
Alvarez & Marsal Canada Inc.Receiverperiod 3 of 3 on this matterLadacor AMS Ltd., Nomads Pipeline Consulting Ltd., and 2367147 Ontario Inc.Alberta · Receivership (court-appointed) · closed1 Oct 2019 – 28 Feb 2020SoughtSixth Report of the Receiver (March 2, 2020)2 Mar 2020
Alvarez & Marsal Canada Inc.Information officerperiod 2 of 9 on this matterPier 1 Imports, Inc.Ontario · Foreign recognition (CCAA)18 Feb – 22 Feb 2020••••••4 peopleSixth Report of the Information Officer…8 Oct 2020
Alvarez & Marsal Canada Inc.Information officerperiod 1 of 9 on this matterPier 1 Imports, Inc.Ontario · Foreign recognition (CCAA)6 Feb – 17 Feb 2020••••••4 peopleSixth Report of the Information Officer…8 Oct 2020
Alvarez & Marsal Canada Inc.ReceiverVirginia Hills Oil Corp. and Dolomite Energy Inc.Alberta · Receivership (court-appointed) · closed1 Feb 2017 – 31 Dec 2019cumulativeFifth Report of the Receiver14 Feb 2020
Alvarez & Marsal Canada Inc.Receiverperiod 5 of 8 on this matter2423402 Ontario Inc.Ontario · Receivership (court-appointed) · closed27 Oct – 23 Nov 2019••••••2 peopleFirst Report of the Receiver (November 2,…2 Nov 2020
Alvarez & Marsal Canada Inc.Receiverperiod 1 of 3 on this matterVoice Construction Ltd., Voice Management Ltd., Earth & Energy Construction Ltd., Voice Holdings Ltd., Voice Construction OPCO ULC, and 2012442 Alberta Ltd.Alberta · Receivership (court-appointed) · closed25 Jun – 31 Oct 2019Sought•••Sixth Report of the Receiver (December 10,…10 Dec 2019
Alvarez & Marsal Canada Inc.Receiverperiod 4 of 8 on this matter2423402 Ontario Inc.Ontario · Receivership (court-appointed) · closed14 Jul – 26 Oct 2019••••••2 peopleFirst Report of the Receiver (November 2,…2 Nov 2020
Alvarez & Marsal Canada Inc.Receiverperiod 1 of 6 on this matterLREIT Holdings 34 CorporationAlberta · Receivership (court-appointed) · closed28 Feb – 30 Sep 2019Soughtcumulative•••Second Report of the Receiver of LREIT 34…28 Oct 2019
Alvarez & Marsal Canada Inc.Receiverperiod 2 of 3 on this matterLadacor AMS Ltd., Nomads Pipeline Consulting Ltd., and 2367147 Ontario Inc.Alberta · Receivership (court-appointed) · closed1 Sep – 30 Sep 2019Sought•••Receiver’s Fifth Report (October 25, 2019)25 Oct 2019
Alvarez & Marsal Canada Inc.Receiverperiod 3 of 8 on this matter2423402 Ontario Inc.Ontario · Receivership (court-appointed) · closed9 Dec 2018 – 13 Jul 2019••••••2 peopleFirst Report of the Receiver (November 2,…2 Nov 2020
Alvarez & Marsal Canada Inc.Receiverperiod 1 of 2 on this matterArres Capital Inc.Alberta · Receivership (court-appointed) · closed23 Oct 2017 – 30 Jun 2019cumulative•••Fourth Report of the Receiver (August 8,…8 Aug 2019
Alvarez & Marsal Canada Inc.Receiverperiod 2 of 2 on this matterSameh Sadek et alOntario · Receivership (court-appointed) · closed1 Feb – 30 Jun 2019Sought•••Sixth Report of the Receiver23 Jul 2019
Alvarez & Marsal Canada Inc.Receiverperiod 1 of 2 on this matterSameh Sadek et alOntario · Receivership (court-appointed) · closed7 Sep 2018 – 31 Jan 2019Sought•••Third Report of the Receiver11 Sep 2018
Alvarez & Marsal Canada Inc.Receiverperiod 2 of 8 on this matter2423402 Ontario Inc.Ontario · Receivership (court-appointed) · closedto 8 Dec 2018••••••2 peopleFirst Report of the Receiver (November 2,…2 Nov 2020
Alvarez & Marsal Canada Inc.Receiverperiod 1 of 3 on this matterLadacor AMS Ltd., Nomads Pipeline Consulting Ltd., and 2367147 Ontario Inc.Alberta · Receivership (court-appointed) · closed18 May – 31 Aug 2018•••First Report of the Receiver (October 2,…2 Oct 2018
Alvarez & Marsal Canada Inc.ReceiverStarke Dominion Ltd.Alberta · Receivership (court-appointed) · closed26 Jan – 31 Mar 2018•••First Report of the Receiver18 Apr 2018
Alvarez & Marsal Canada Inc.Information officerperiod 4 of 4 on this matterModspaceOntario · Foreign recognition (CCAA)29 Jan – 11 Feb 2017••••••3 peopleSecond Report of the Information Officer…21 Feb 2017
Alvarez & Marsal Canada Inc.Information officerperiod 4 of 4 on this matterModspaceOntario · Foreign recognition (CCAA)12 Dec 2016 – 11 Feb 2017•••Second Report of the Information Officer…21 Feb 2017
Alvarez & Marsal Canada Inc.Information officerperiod 2 of 4 on this matterModspaceOntario · Foreign recognition (CCAA)8 Jan – 28 Jan 2017••••••2 peopleSecond Report of the Information Officer…21 Feb 2017
Alvarez & Marsal Canada Inc.Monitorperiod 1 of 2 on this matterLi-Cycle Corp. et al.Ontario · CCAA · closed•••Fifth Report of the Monitor25 Jul 2025
Alvarez & Marsal Canada Inc.Receiverperiod 1 of 10 on this matterQuarry Rock Developments (McAllister) Inc. Et AlBritish Columbia · Receivership (court-appointed) · closedcumulative••••••4 peopleSecond Report of the Receiver21 Jan 2025
Alvarez & Marsal Canada Inc.Information officerYRC Freight CanadaOntario · CCAASoughtSeventh Report of the Information Officer3 Dec 2024
Alvarez & Marsal Canada Inc.MonitorA2A Group of CompaniesAlberta · CCAA•••Second Report of the Monitor28 Nov 2024
Alvarez & Marsal Canada Inc.MonitorThe MAV GroupOntario · CCAA · closed••••••Third Report of the Monitor4 Jun 2024
Alvarez & Marsal Canada Inc.Information officerVoyager Digital Ltd.Ontario · Foreign recognition (CCAA) · closed•••Fifth Report of the Information Officer4 Oct 2023
Alvarez & Marsal Canada Inc.Receiverperiod 1 of 8 on this matter2423402 Ontario Inc.Ontario · Receivership (court-appointed) · closedfrom 6 Dec 2018cumulative•••First Report of the Receiver (November 2,…2 Nov 2020
Alvarez & Marsal Canada Inc.Information officerperiod 1 of 4 on this matterModspaceOntario · Foreign recognition (CCAA)••••••3 peopleSecond Report of the Information Officer…21 Feb 2017

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.