2008 NLJ BILLING SURVEY

Law Firm Fees Defy Gravity

As the recession gathered, legal fees grew, and one firm broke the $1,200 per hour barrier.

, The National Law Journal

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.

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