[sheet: 2024 Rate Schedule]
Timekeeper Name | Title / Role | Office | Bar Admissions | Years of Experience | 2023 Hourly Rate | 2024 Hourly Rate | Year-over-Year Increase | Effective Date
Leonard Cross | Responsible Partner, Tax Department | Philadelphia (1735 Market Street, Suite 3100, Philadelphia, PA 19103) | NY, NJ, DC | 30 | $1,525.00 | $1,575.00 | 3.3% | January 1, 2024
Sylvia Hartwell | Billing Partner, Tax Department | New York (600 Lexington Avenue, New York, NY 10022) | NY, DC | 24 | $1,400.00 | $1,450.00 | 3.6% | January 1, 2024
Garrett Simmons | Lead Associate, Tax Department | Philadelphia (1735 Market Street, Suite 3100, Philadelphia, PA 19103) | NY | 9 | $950.00 | $1,010.00 | 6.3% | January 1, 2024
Leila Nazari | Working Associate, Tax Department | Philadelphia (1735 Market Street, Suite 3100, Philadelphia, PA 19103) | NY, NJ | 6 | $755.00 | $810.00 | 7.3% | January 1, 2024
Staff Paralegal (Tax) | Paralegal | Philadelphia | N/A | N/A | $375.00 | $395.00 | 5.3% | January 1, 2024
Senior Paralegal (Tax) | Senior Paralegal | Philadelphia | N/A | N/A | $425.00 | $445.00 | 4.7% | January 1, 2024
[sheet: Engagement Summary]
Field | Detail
Firm | Calderwood & Harkness LLP
Firm Headquarters | 600 Lexington Avenue, New York, NY 10022
Lead Office | 1735 Market Street, Suite 3100, Philadelphia, PA 19103
Client | Penterra Pharmaceuticals Corp.
Client Address | 2200 Independence Boulevard, Princeton Junction, NJ 08550
Client Nasdaq Ticker | PPCA
Client EIN | 22-3741856
Client Contact — Tax | Marcus Whitfield, VP, Global Tax
Client Contact — Legal | Deborah Staines, General Counsel
Matter Number | 1018-00009
Matter Description | IRS Transfer Pricing Examination Defense — TY 2017, 2018, 2019, 2020
IRS Exam Team ID | LB&I-NE-TP-2022-00641
Rate Schedule Effective Date | January 1, 2024
Prior Year Rate Schedule | 2023 Rate Schedule (effective January 1, 2023)
Engagement Letter Date | June 2, 2022
Estimated Fee Range (at engagement) | $4,500,000 – $7,000,000
Outside Expert — Whitmore Valuation Group LLC | Blended rate: $650/hr (retained under Kovel arrangement, Ref. 1018-00009-KV)
Outside Expert Lead | Dr. Helena Vasquez, Managing Director
Irish Tax Advisor — Thornbury & Keogh | Fees billed separately in EUR; coordinated by Leila Nazari
Irish Tax Advisor Lead | Ciarán Thornbury, Lead Partner
Billing Terms | Net 30 days; monthly invoicing
Rate Schedule Approved By | Sylvia Hartwell, Billing Partner
[sheet: Rate History (2022–2024)]
Timekeeper Name | Title | 2022 Rate (Original) | 2023 Rate | 2024 Rate | Cumulative Increase 2022–2024 | Cumulative Increase %
Leonard Cross | Responsible Partner | $1,475.00 | $1,525.00 | $1,575.00 | $100.00 | 6.8%
Sylvia Hartwell | Billing Partner | $1,350.00 | $1,400.00 | $1,450.00 | $100.00 | 7.4%
Garrett Simmons | Lead Associate | $885.00 | $950.00 | $1,010.00 | $125.00 | 14.1%
Leila Nazari | Working Associate | $695.00 | $755.00 | $810.00 | $115.00 | 16.5%
Staff Paralegal (Tax) | Paralegal | $350.00 | $375.00 | $395.00 | $45.00 | 12.9%
Senior Paralegal (Tax) | Senior Paralegal | $395.00 | $425.00 | $445.00 | $50.00 | 12.7%