Wage Law

The most recent law firm fee survey reveals that some attorneys are charging over $1,200 per hour. Responses from 127 law firms among the 250 in the "NLJ 250" were included in the The National Law Journal's annual survey. The survey period was from October 1, 2007, to September 30, 2008. Some of the highlights:

• Rates were up 4.3% over the previous year
• 70.6 percent of firms increased their average and median billing rates
• The average firmwide billing rate for 2008 was $363 per hour
• The average of the median firmwide rate this year was $350 per hour
• The highest rate was $1,260 per hour
• One firm's average partner billing rate was $747 per hour
• The average of the average partner rate was $451 per hour
• The average of the median partner rate was $435 per hour
• The average of the average associate rate was $282 per hour
• The average of the median associate rate was $274

We are raising our rates. Happy New Year!