How billing rates react to the larger economy; after leveling off in the early 1990s, hourly rates have picked up in the last few years

Article Abstract:

Hourly billing rates for attorneys have in the mid-1990s recovered from a downturn during the early part of the decade. The rate of increases seems to depend on whether the firm experienced a plateau early in the 1990s. For those firms that remained the same, 10 to 15% increases were in order, for those that increased during the early 1990s, 10% rises during the middle part of the decade were in order. The National Law Journal first examined alternative billing methods in 1993. Only about one-third of respondents used such methods at that time, while in the most recent survey nearly two-thirds of respondents used such billing methods.

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Billable hour: it keeps on ticking after its licking

Article Abstract:

Law firms have tried varied alternative billing methods but this old technique of billing still persists. A National Law Journal survey of 102 firms showed 55 firms obtaining 30% or less of their revenue from alternative billing methods. Among alternative billing methods tried, fixed and contingency fees predominated. Billing rates at key firms nationwide are given, as are the percentage and form of alternative billing, a sampler by city of hourly rates, and associates' billing rates by years employed.

Finance, Accounting and auditing, Law offices

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Rates aren't skyrocketing, but they do keep going up; many corporate clients are willing to pay the increasing hourly cost of top legal talent, especially in hot practice areas

Article Abstract:

A survey of increases in billing rates in the National Law Journal's 1999 survey of the 250 largest US law firms is offered. These increases were somewhat more substantial in 1999 than the year before. A firm-by-firm sampling of billing rates is also offered.

United States

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