In the Matter of the Wal-Feld Company, Inc., Bankrupt. Goldman & Frier, Attorneys for Trustee

LUMBARD, Chief Judge:

Goldman & Frier appeal from an order of the District Court for the Southern District of New York which confirmed the $11,000 allowance recommended by the referee for the firm’s services as attorneys for the trustee in a Chapter XI proceeding. The appellants seek to have the allowance increased to $25,000, the amount which they originally requested. No one has appeared in opposition to their appeal.

The request for $25,000 is based on a claim of 1150 hours of work on the trustee’s behalf. Accepting this claim, $11,000 amounts only to about $10 per hour, a rate which would…