Sentences with phrase «firm at an hourly rate»

He signed on with another firm at an hourly rate while maintaining his solo practice.

Not exact matches

Large firms have associates and paralegals who often do much of the work at lower hourly rates.

Under the McKinsey model (so named after McKinsey, a management consulting firm, which may be famous in some circles, but not even well - known to me; I had to look it up), no one at the firm has an hourly billable rate.

At least with the billable hour and forcing firms to give estimates, clients get some protection, as they do with «incentive» systems, where a firm, for example, charges a lower hourly rate up front and agrees to take a bonus for success.

Process and technology are at the core of why the hourly rate of a law firm or lawyer says very little about what you'll end up paying.

The highest rate increase, 11 percent, was at firms with more than 1,000 lawyers, and M&A work posted the highest hourly rate increase of 18 percent, according to the report, which included 113,651 hours billed in 2015 to in - house legal departments by 914 lawyers at 103 firms.

According to the 2016 Real Rate Report, issued by CEB consulting company and Wolters Kluwer NV's ELM Solutions, which helps in - house legal departments manage budgets, hourly rates in the United States increased 5.4 percent in 2015 compared with 2014, boosted by an average 7.5 percent increase at firms with more than 1,000 lawyers.

Formulas considering both origination and production must consider the particular structure of the law firm and the nature of its practice: For example, a law firm specializing primarily in insurance defense litigation and operating at a much lower hourly rate can readily afford the luxury of having highly compensated partners who merely originate business without having significant billable time.

Our clients appreciate the high quality intellectual property law services they receive at substantially lower hourly rates than those of our larger, national law firm competitors.

Junior Work Done at Senior Billing Rates In most firms, senior attorneys are billed out at higher hourly rates than junior attorneys, and clients want to see tasks being performed in the most efficient manner possible for them: if a $ 150 / hour associate can draft a client update in the same time and at roughly the same skill level as a $ 450 / hour partner, then the client will not want to pay three times the amount for the same reRates In most firms, senior attorneys are billed out at higher hourly rates than junior attorneys, and clients want to see tasks being performed in the most efficient manner possible for them: if a $ 150 / hour associate can draft a client update in the same time and at roughly the same skill level as a $ 450 / hour partner, then the client will not want to pay three times the amount for the same rerates than junior attorneys, and clients want to see tasks being performed in the most efficient manner possible for them: if a $ 150 / hour associate can draft a client update in the same time and at roughly the same skill level as a $ 450 / hour partner, then the client will not want to pay three times the amount for the same result.

Associates in small firms are more often employed to help get the work done, often at a lower hourly rate, rather than to pad the bill.

National legal research and writing expert Lisa Solomon takes the rationale a step further, arguing at Legal Research and Writing Pro that firms should treat online legal research costs as ordinary overhead expenses, which are typically rolled into an hourly rate or flat fee, rather than passed through to clients as disbursements.

In addition to serving low - income clients at a $ 125 hourly rate, the firm will do legal work for other parts of the university, including its high - tech innovation center.

Green Point's value added legal services, which make US legal talent in Israel available to US law firms on an as - needed hourly basis, at rates for lower than equivalent US rates, is also growing at a steep rate.

This translates into enormous value for clients: in some cases a QC can charge the same hourly rate as a senior associate at a City law firm.

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.

Hourly rates for partners at London law firms are out of reach for most individuals but that does not mean instructing a law firm is prohibitive.

In essence, law firm networks can flourish by providing international legal services in a cost - efficient manner to small and medium sized enterprises through reduced overhead and simpler structures, while international law firms can provide a more integrated offering (including invoices covering multiple jurisdictions) but at a greater cost due to higher hourly rates and more overhead which is less significant in only the largest international transactions and «bet the company» international litigation.

While all panelists agreed that profitability is most important, each gave different ideas of how to respond to requests for alternative fee arrangements, from fixed fees and discounted hourly rates, to finding opportunities for the firm and their client to «split the difference» when certain milestones are achieved at greater - than - expected margins.

There are firms willing to take on work at a lower hourly rate, for example, but they remain tied to the hourly rate model; they're not necessarily willing to move to alternative fees.

The next step is to analyze the specific impact on hourly rates at the firm and lawyer type levels.

It announced that billing rates for partners at elite corporate firms keep rising, despite low inflation and weak demand — and that a new hourly rate had been reached: at $ 1,500 an hour!

After all, based on the hourly estimate and the going rate for large - firm lawyers, which start at the $ 300 / hour range, Simpson's estimate already well exceeds the cap.

a retainer contract lists current hourly rates but also provides that the firm can increase those rates as much as it wants, at any point in the future without the client's further consent

When The Wall Street Journal reported in August on lawyers whose hourly fees had reached $ 1,000, a partner at one New York firm described that rate as «a possible vomit point for clients.»

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.

For example, is it really the best use of valuable fee - earner time for them to research and draft articles for the firm newsletter when legal content can be bought in or ghost - written at a fraction of their hourly rates?

Most small businesses and tech startups do not need the legal advice of an over-priced lawyer, where a significant portion of the lawyer's hourly rate is due to the expensive overhead of extravagant offices, a bloated support staff and fifteen years» experience working at a Bay Street firm.

The Valeo Attorney Hourly Rates Database details the hourly rates of individual Attorneys at over 1,200 Law Firms (AMLAW 200 + 1,000 Others including Large Regionals, Middle - Market and Small Market, Boutiques and many Non-US Firms) GloHourly Rates Database details the hourly rates of individual Attorneys at over 1,200 Law Firms (AMLAW 200 + 1,000 Others including Large Regionals, Middle - Market and Small Market, Boutiques and many Non-US Firms) GlobRates Database details the hourly rates of individual Attorneys at over 1,200 Law Firms (AMLAW 200 + 1,000 Others including Large Regionals, Middle - Market and Small Market, Boutiques and many Non-US Firms) Glohourly rates of individual Attorneys at over 1,200 Law Firms (AMLAW 200 + 1,000 Others including Large Regionals, Middle - Market and Small Market, Boutiques and many Non-US Firms) Globrates of individual Attorneys at over 1,200 Law Firms (AMLAW 200 + 1,000 Others including Large Regionals, Middle - Market and Small Market, Boutiques and many Non-US Firms) Globally.

It's often easy to assume bigger means better, but that is not always the case with law firms; boutique practices specialise in just one legal field and as a result can often offer the same (if not better) advice on a more personal level at a typically lower hourly rate — Global Law Experts looks at the independent lawyers and law firms as well as the full service «big players» in the market to showcase an in - depth cross section of quality international advisers to suit a variety of needs and budgets.

Their new law firm opened its doors in November 1960 in the Luhrs Tower in downtown Phoenix, and they began providing legal services at an hourly rate of $ 25.

2014 April «Is This the Death of Hourly Rates at Law Firms?»

Court filings by Akin Gump show that partners from the firm are billing between $ 500 and $ 1,200 per hour, counsel from $ 415 to $ 850 per hour, and associates at hourly rates ranging from $ 335 to $ 625.

Total fees under an hourly rate system are frequently not limited by efficiencies, but rather by client controls, the size and scope of the matter, the lawyer's desire to be reasonable or at least not to alienate the client, and competition among firms.

Due to its expertise in Attorney Hourly Rate and Alternative Fee Arrangement (AFA) or Alternative Billing Arrangements Pricing for individual Attorneys at over 1,200 Law Firms including the Top 200 by Annual Revenue Size, Magic Circle and other large regional, middle - market, small and boutique Firms, Valeo has been used as a primary source and cited for articles in the major law and business publications.

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 Partners.

By hiring trained laterals, these firms may bill clients at hourly rates that allow immediate or short - term payback and contribution to firm profit.

By hiring trained laterals, these firms may bill clients at hourly rates that allow immediate or short term payback and contribution to firm profit.

Scenario An attorney accepts a new matter at the hourly rate of $ 400, a 54 % markup above the firm's $ 260 / hour cost.

It should help them see why they need to hire you, instead of the high - quality firm down the street, and at a higher hourly rate.

2d 369, 396 (S.D.N.Y. 2013)(considering contract attorneys» qualifications and experience, and type of work performed, in determining appropriate hourly rate); In re AOL Time Warner Shareholder Derivative Litig., 2010 WL 363113, at * 26 (S.D.N.Y. Feb. 1, 2010)(«Law firms are not eleemosynary institutions.

Fed up with the rising cost of outsourcing work to inexperienced junior associates at BigLaw firms — whose average hourly rate is approaching $ 300 — a growing number of companies are opting for the more cost - effective route of hiring their own lawyers fresh out of law school and training them in - house.

This chart highlights median hourly partner rates for IP Litigation matters at the «Largest 50» firms (those with 750 + lawyers) between 2011 and 2014.

The hourly partner rates at the largest firms are 40 percent higher than the partners at the second tier.

When considering individual partner rate changes at the «Largest 50 firms,» the median 1 - year change was 0.7 % and the 3 - year CAGR was -0.4 %, reflecting significant pressure on the «Largest 50» firms from corporate counsel negotiating hourly rates.

Historically, junior lawyers were employed by law firms, at formidable hourly rates, to plow through vast bodies of documents, often just to index or classify them.

The in - house lawyers knew they could pick up the phone and get the advice they needed from their regular employment law advisors (no doubt at a competitive hourly rate), but how many times did the phone ring with a law firm pro-actively offering a nicely packaged restructuring service?