Top 10 firms raise partner rates to over £500 per hour

July 2005
Lawyer;7/4/2005, Vol. 19 Issue 26, p1
Trade Publication
The article reports that partner charge-out rates at the top 10 law firms have breached the 500-pound-per-hour threshold for the first time in the United States. Exclusive research conducted by the journal "The Lawyer" has found that the prevailing hourly rates charged by partners is between 500-550 pounds, while some magic circle corporate partners are understood to bill more than 600 pounds per hour. Charge-out rates for associates range from 200 pounds per hour for newly-qualified up to 440 pounds per hour for their most senior peers. Trainees are charged out at between 145-170 pounds per hour.


Related Articles

  • Northern Ire. Nicholas, Adele // InsideCounsel;Jul2006, Vol. 16 Issue 176, p16 

    The article presents the results of a survey on the dissatisfaction of general counsels with the cost and quality provided by legal services firms. There is a 32% increase in law firm service for a period of 5 years. Alternative billing methods are offered by 46% of U.S. law firms and 38% of...

  • AGS, Clayton Utz top Australian govt's A$174m legal outgoings. O'Connor, Joanne // Lawyer;7/11/2005, Vol. 19 Issue 27, p7 

    Reports on the inclusion of Australian Government Solicitor (AGS) in the top 20 law firms with the biggest billing private practice firms in Australia. Indication that AGS is the recipient of legal spend by the government; Total amount of legal fees reaped by the law firm; Involvement of Clayton...

  • Fee-earners fall short in chargeable hours stakes. Byrne, Matt // Lawyer;11/27/2006, Vol. 20 Issue 46, p6 

    The article focuses on a survey conducted by Pricewater-houseCoopers, published in November 21, reflecting a decrease on the average chargeable hour target by free-earner law firms in Great Britain. On law firms included in the top 25 the average number of chargeable hours run short by 3%...

  • TRADE SECRETS. Davis, Reginald F.; Finkel, Ed // ABA Journal;Aug2009, Vol. 95 Issue 8, p33 

    The article reports that more and more clients are proposing barter as a way to get their legal problems sorted without shelling out cash in the U.S. Laura McFarland-Taylor, a solo practitioner and horse owner has traded legal services over the years for horse feed and riding lesson. In one...

  • Brum firms ditch hourly rates for fixed fees. McLeod-Roberts, Luke // Lawyer;3/2/2009, Vol. 23 Issue 9, p7 

    The article reports on the law firms in Birmingham, England to ditch the hourly rates for lawyers. A senior partner at the city's top 30 firm said that no firms are working on hourly rates in the legal market, mostly with agreeing fixed-fee arrangements. It states that firms proposing a partner...

  • HOW to Choose a bankruptcy attorney. Starzee, Bernadette // Long Island Business News (7/1993 to 5/2009);10/5/2007, Vol. 54 Issue 47, p28A 

    The article offers tips in choosing a lawyer who specializes in bankruptcy. It states that clients must acquire a personal recommendation to a good bankruptcy lawyer. It also suggests the inquiry on the firm's clients, cost of services and how they charge for their services. The author cites the...

  • Legal Guidelines.  // Smart Business Indianapolis;Nov2010, Vol. 7 Issue 12, p11 

    The article offers companies on how can look for a new lawyer or law firm. It notes that companies must outline specific details of what they need so any lawyer or law firm will know if it is covered on their specialization. It also suggests that companies, prior engaging an agreement, must ask...

  • ALTERNATIVE FEE ARRANGEMENTS. ROBERTSON, MARK A. // Law Practice: The Business of Practicing Law;Sep/Oct2011, Vol. 37 Issue 5, p54 

    The article focuses on the use of alternative fees arrangements (AFAs) by law firms which is an appropriate fee charged from a client based on the value received and perceived by the client. It mentions a survey of law firms which reveals an increase in the use of AFAs. It suggests several...

  • Low costs make the case for outsourcing legal work. Fernandez, Tommy // Crain's New York Business;9/13/2004, Vol. 20 Issue 37, p21 

    This article focuses on the fact that low costs make the case for outsourcing legal work. As politicians chastise companies from the U.S. for shipping high-paying jobs overseas, attorney Abhay Dhir edits legal briefs written by his employees in Bangalore, India. His Dallas based company, Atlas...


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics