Aggregate statistics based on invoice data submitted through the CounselLink solution in 2013 identify Mergers and Acquisition as the practice area with the highest
average hourly partner rate — $ 589.
Not exact matches
The survey measures 12 key indicators including: associate - to -
partner ratios; the per centage of lawyers» time that is actually billed; growth in actual work hours; and the ratio of the
average billed
hourly rate to the
average worked
hourly rate.
Recent research found fees for
partners at top London law firms is now as high as # 1000 per hour, with
average hourly rates for senior staff outside the capital exceeding # 200.
I'll bet the
partners at all of Canada's large law firms could reduce their
hourly rates by 50 % and still make far, far more than the lawyers in the
average small firm.
Key Metric # 5:
Partner Hourly Rate Growth — by Location (State) Growth in
partner rates varies by state,
averaging 2.0 % year - over-year growth Based on trailing 12 - months ending December 31, 2015
* In the first quarter 2013, the 50 top - grossing U.S. law firms boosted their
partner rates by as much as 5.7 %, billing an
average between $ 879 - 882 per hour, according to Valeo
Partners, increases continuing an upward trend in attorney
hourly rates from 2012 — when legal fees in general rose 4.8 % and associate billing rates rose by 7.4 % according to a TyMetrix Legal Analytics / CEB report surveying data from more than 17,000 law firms.
The following results of its survey reflect the
average of
partner hourly rate ranges in major legal markets for the sampling of bankruptcy cases at issue:
The chart captures median rates for three different groups of timekeepers (
partners, associates and paralegals) and the range of the blended
average hourly rate across multiple matter types.
Top M&A
partners charge between $ 1,200 and $ 1,400 an hour, and the average hourly rate for a senior partner at a major law firm is $ 1,000, according to consulting firm Valeo P
partners charge between $ 1,200 and $ 1,400 an hour, and the
average hourly rate for a senior
partner at a major law firm is $ 1,000, according to consulting firm Valeo
PartnersPartners.
[email protected] The article also dwells on the Real Rate Report of CT TyMetrix and possible extensions of that company's initiative (See my post of June 2, 2010:
hourly rates of US
partners from the Report; June 3, 2010: «standard billing rate» is illusory; Jan. 19, 2012: U.S. litigation firms charged a blended rate of $ 385 an hour; Jan. 23, 2012: clear data on the rising rates of law firms as they grow larger; and Jan. 19, 2012: gaps between
average billing rates of U.S. litigation associates and
partners.).
This chart shows
partner hourly rates — as a weighted
average — during 2013 and 2012 for median M&A matters based on law firm size.