Some rates soar, others rarely budge; law firms take a variety of approaches to traditional and alternative billing as the economy, for now, keeps on rolling
Article Abstract:
The National Law Journal's survey of billing rates at the 250 largest US law firms is discussed. Law firms seem divided over how to reconcile billing rates with US prosperity and with the legal salary war. Not quite half of the 113 respondents had alternative billing policies, and 60% of these used such policies for only 10% of their work.
Publication Name: The National Law Journal
Subject: Law
ISSN: 0162-7325
Year: 2000
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Despite it all, rates rose at many firms; most were set early in 2001, before the real downturn of the economy; next year's increases are likely to be more modest
Article Abstract:
The rise in law firm rates in 2001, despite the downturn in the economy, is discussed. Most rates were set early in the year, before the economy soured for such reasons as the downturn in the technology industry and the terrorist attacks, and increases for 2002 will probably be more modelst.
Publication Name: The National Law Journal
Subject: Law
ISSN: 0162-7325
Year: 2001
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The law boom continues; N.Y., Chicago, L.A. firms lead in the latest AmLaw 100
Article Abstract:
Large law firms are all enjoying rising profits in the booming economy, and New York is in first place, followed by Chicago and Los Angeles. The top 100 US firms saw an average 14.6% increase in gross income, with 1,467 equity partners at 13 firms enjoying profits per partner of more than $1 mil. Law firms enjoyed a thriving business in various legal specialties in a growing global market. A selection of large law firms and their income according to the 1998 National Law Journal survey are listed.
Publication Name: The National Law Journal
Subject: Law
ISSN: 0162-7325
Year: 1999
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