Maybe in an ideal world it would be, but unfortunately in real life its not!
Also, personally I believe that the big issue is not the rate that any of these firms charge per hour but what they deliver for these rate. In that regard, I understand that the Joint Administrators of Quinn were critisised/questionned about their fee applications to the High Court.
To compound problems, the process itself is very inefficient and does not necessarily add any benefit the company/creditors!