For example, Perlman notes that firms routinely put expensive first - year associates on document review that could be performed at a cheaper
rate by a paralegal, presumably to give the associate training.
Not exact matches
Hulk Hogan's lawyers say the bill was high in part because lawyer
rates were charged for work performed
by paralegals.
One element of the dialogue between Lord Dyson and the Committee that may be missed
by practitioners is the rejection of the recommendation for the creation of a fifth grade of fee earner for
paralegals out of the current bottom
rate for trainees and
paralegals.
A LLLT employed
by a law firm would likely bill no less than $ 120 — $ 200 an hour, which is currently the hourly
rate range for
paralegals in Seattle.
Profit squeeze: Mid-size law firms will continue to be affected
by a «profit squeeze» resulting from (a) increased overhead due to higher associate and staff salaries and benefits; (b) higher automation costs, professional liability insurance and marketing expenses; (c) partners» unwillingness / inability to increase hourly fee
rates for «commodity» type work to off - set higher overhead; (d) enhanced client scrutiny of hourly
rates, hours to produce work and lawyer and
paralegal staffing of work assignments; (e) pressure
by corporate counsel for law firms to absorb more of the «soft costs;» (f) slower paying clients, that affect cash flow and hence the availability of distributable dollars for partners; and (g) a great many mid-size law firms are burdened with higher debt.
Hours billed
by a senior partner are going to invoke a higher
rate than a
paralegal's research or an accountant's number crunching.
The Law Society research, supported
by key stakeholder submissions to this review and to the Law Society's five - year review, indicates generally high
rates of satisfaction across multiple dimensions of regulation within the
paralegal sector.
Without raising billing
rates, signing new clients, or cross-selling an existing client, all that's needed is to make the business processes carried out
by timekeepers, from the
paralegal to the managing partner, more efficient.
Unless otherwise agreed to
by Client and Firm in the retainer agreement, Clients agree and acknowledge that Trembly Law Firm charges for Partner Brett Trembly, Esq. at the
rate of $ 385.00, for Senior Litigation Counsel at the
rate of $ 365.00 an hour, Associate Counsel at the
rate of $ 335.00 an hour, for research attorneys at the
rate of $ 250.00 an hour, and for
Paralegals and Law Clerks at the
rate of $ 175.00 an hour for time spent performing work on your case.
Since hourly
rates charged
by attorneys are typically double or triple the
rates of
paralegals for the same task, law firm economics mandates the increased use of
paralegals to minimize costs.
According to the Bureau of Labor Statistics, the projected growth
rate for
paralegal jobs is 8 percent
by 2024.