Large Firms’ Billing Rates Continue to Climb — Elite law firms charged an average of 7.7 percent more in 2007, and clients aren’t happy about it

Leigh Jones
The National Law Journal
December 11, 2007

Attorney billing rates shot up in 2007, with approximately three-quarters of the law firms that participated in The National Law Journal’s annual survey boosting the amounts they charged for partner and associate services.

At the same time, the average firmwide billing rates, which included partner and associate rates, climbed by 7.7 percent, while the firmwide median rates rose by 7.1 percent, compared to the firms that reported billing data in 2006.

Despite grousing by clients about ever-higher lawyers’ fees, 75.2 percent of the firms providing billing information this year and last charged more this year than they did in 2006. The figure represents law firms that increased the high end of the billing range charged by their partners and associates.

For more see law.com.

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