Despite the rancid economy of 2008, attorney billing rates continued their escalation trend, with nearly 71% of law firms reporting an increase in the amount that they charged clients compared with 2007. This figure represents law firms that increased their average and median billing rates firmwide. Also this year, partner billing rates broke record highs, with one firm exceeding the $1,200 mark and another rising above $1,100 per hour.
2008 NLJ BILLING SURVEY
Law Firm Fees Defy Gravity
The National Law Journal
December 8, 2008
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