Home

Firm Billing Rates Compared
Download PDF
1 Star2 Stars3 Stars4 Stars5 Stars (No Ratings Yet)
Loading...

How does in-house counsel stack up in billing rates across the board? A new study by TyMetrix Legal Analytics and CEB clarifies matters, looking at $9.5 billion worth of invoices from 83 corporate clients ranging from 2008 to 2012. Drawing from this data, they made a series of tables as to how much different locations and types of lawyers are charging for the hour, and their conclusions were put in the “2013 Real Rate Report Snapshot.”

What the report exposes is that partners in 2012 averaged an hourly rate of $536.47, while associates made $370.25. There were big differences between geographical locations. New York charged more than $100 extra an hour compared to any other U.S. or Canadian office. This chart shows the 12 highest charging cities in this regard:

  
What
Where


 New York: $755.68

San Francisco: $651.33

Washington, D.C.: $649.24

Get JD Journal in Your Mail

Subscribe to our FREE daily news alerts and get the latest updates on the most happening events in the legal, business, and celebrity world. You also get your daily dose of humor and entertainment!!




San Jose, CA: $634.98

Toronto: $634.24



Los Angeles: $620.34

Boston: $598.69

Chicago: $585.47

Calgary, AB: $578.13

Houston: $549.25

Dallas: $510.32

Philadelphia: $516.56

The breakdown in costs could also be broken down by the size of the firm, with the larger firms, who work more on “very sensitive” corporate matters, with clients “willing to work the firms on those higher rates,” as David Moran, director of data management on this study, said, and as reported by Corporate Counsel.

1 to 50 lawyers: $342.95

51 to 100 lawyers: $380.35

101 to 250 lawyers: $422.35

251 to 500 lawyers: $531.62

501 to 1,000 lawyers: $638.23

More than 1,000 lawyers: $727.02

The highest charging rates went to finance and securities partner, who charged $673.04 per hour, followed next by mergers and acquisitions who charged $636.50, and then commercial and contracts at $608.73. Necessarily, those advising huge and lucrative businesses charged more for their services.

Finance and Securities was the highest, and such a sector in New York city would be the highest of all.



 

Interesting Legal Sites You May Like


BCG FEATURED JOB

Locations:

Keyword:



Search Now

Mid-level Litigation Associate Attorney

USA-MD-Baltimore

Baltimore office of our client seeks mid-level litigation associate attorney with 3+ years of experi...

Apply Now

Litigation Associate Attorney

USA-SC-Columbia

Columbia office is seeking a commercial litigation attorney with 2-4 years of experience.

Apply Now

Junior Employment Litigation Attorney

USA-CA-San Francisco

San Francisco office is seeking an attorney with 2-3 years of employment litigation, class action or...

Apply Now

Estate Planning Associate Attorney

USA-CO-Longmont

Longmont office of our client seeks associate attorney with estate planning, elder law, probate expe...

Apply Now

RELEVANT JOBS

Paralegal / Legal Assistant

USA-FL-Lakeland

Hardin & Ball, P.A. represents individuals and businesses in matters of real estate, constructi...

Apply now

Healthcare Associate

USA-CA-San Francisco

Kessenick Gamma & Free, LLP, a boutique healthcare firm in San Francisco, is seeking an associate wi...

Apply now

Litigation Attorney

USA-NJ-Cherry Hill

SHIMBERG & FRIEL, P.C., a Cherry Hill defense litigation firm with regional practice, seeks FT assoc...

Apply now

Attorney

USA-WA-Seattle

We are looking for a motivated attorney with the ability to think creatively about real estate and c...

Apply now

SEARCH IN ARCHIVE

To Top