$1,500 an Hour: Billing rates for partners at elite corporate law firms

February 8, 2016 11:34 pm

We spotted this stat today:

“Partners at some of the nation’s top law firms are approaching—and, in a few cases, surpassing—that watershed billing rate, making the $1,000-an-hour legal fees that once seemed so steep look quaint by comparison.

Despite low inflation and weak demand for law firms’ services, rates at large corporate law firms have risen by 3% to 4% a year since the economic downturn, according to Citi Private Bank’s Law Firm Group.”

Source

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