[sheet: 2023 Billing Rates]

[sheet: 2023 Billing Rates]
Timekeeper Name | Title / Role | Office | Bar Admissions | Years of Experience | 2022 Rate ($/hr) | 2023 Rate ($/hr) | Rate Increase ($/hr) | Rate Increase (%)
Leonard Cross | Responsible Partner, Tax Department | Philadelphia | NY, NJ, DC | 28 | $1,475.00 | $1,550.00 | $75.00 | 5.1%
Sylvia Hartwell | Billing Partner, Tax Department | New York | NY, DC | 22 | $1,350.00 | $1,425.00 | $75.00 | 5.6%
Garrett Simmons | Lead Associate, Tax Department | Philadelphia | NY | 7 | $885.00 | $940.00 | $55.00 | 6.2%
Leila Nazari | Working Associate, Tax Department | Philadelphia | NY, NJ | 4 | $695.00 | $745.00 | $50.00 | 7.2%
Staff Paralegal (Tax) | Paralegal | Philadelphia | N/A | $375.00 | $395.00 | $20.00 | 5.3%
[sheet: Matter Information]
Field | Value
Firm | Calderwood & Harkness LLP
Firm Address (HQ) | 600 Lexington Avenue, New York, NY 10022
Lead Office | 1735 Market Street, Suite 3100, Philadelphia, PA 19103
Matter Number | 1018-00009
Matter Description | IRS Transfer Pricing Examination Defense — Penterra Pharmaceuticals Corp. (TY 2017–2020)
Client | Penterra Pharmaceuticals Corp.
Client EIN | 22-3741856
IRS Exam Team ID | LB&I-NE-TP-2022-00641
Responsible Partner | Leonard Cross
Billing Partner | Sylvia Hartwell
Rate Schedule Effective Date | January 1, 2023
Prior Rate Schedule Effective Date | January 1, 2022 (engagement date: June 2, 2022)
Approved By | Sylvia Hartwell, Billing Partner
Client Contact for Billing | Marcus Whitfield, VP Global Tax, Penterra Pharmaceuticals Corp.
Engagement Fee Estimate | $4,500,000 – $7,000,000 (through Appeals resolution)
[sheet: Expert Consultant Rates]
Consultant / Firm | Lead Contact | Kovel Reference | Rate Type | 2022 Rate ($/hr) | 2023 Rate ($/hr) | Notes
Whitmore Valuation Group LLC | Dr. Helena Vasquez, Managing Director | 1018-00009-KV | Blended Rate | $650.00 | $675.00 | Kovel letter executed June 20, 2022; transfer pricing economics and expert analysis; 200 Ashbury Asset Advisors, Suite 700, Boston, MA 02109
Thornbury & Keogh | Ciarán Thornbury, Lead Partner | N/A — Irish coordination | Hourly (EUR) | €450.00 | €475.00 | Irish tax advisors to PBI/PMI; 22 Fitzwilliam Square, Dublin 2, D02 YH68, Ireland; fees billed in EUR