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.â€

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.



 

RELEVANT JOBS

Associate Attorney

USA-PA-Exton

ASSOCIATE ATTORNEY McKenna Snyder LLC, a law firm in Exton, PA has an immediate opening for an ex...

Apply now

Attorney

USA-MI-Sturgis

Qualifications: HaasCaywood is seeking associate attorneys for our Coldwater and Sturgis, Michiga...

Apply now

Attorney

USA-MI-Coldwater

Qualifications: HaasCaywood is seeking associate attorneys for our Coldwater and Sturgis, Michiga...

Apply now

Deputy General Counsel / Senior Deputy General Counsel

USA-CA-Sacramento

Cal Cities Culture and Mission Cal Cities is dedicated to creating a collaborative and inclusive ...

Apply now

BCG FEATURED JOB

Locations:

Keyword:



Search Now

Education Law Attorney

USA-CA-El Segundo

El Segundo office of a BCG Attorney Search Top Ranked Law Firm seeks an education law attorney with ...

Apply Now

Education Law Attorney

USA-CA-Carlsbad

Carlsbad office of a BCG Attorney Search Top Ranked Law Firm seeks an education law attorney with 4-...

Apply Now

Education Law and Public Entity Attorney

USA-CA-El Segundo

El Segundo office of a BCG Attorney Search Top Ranked Law Firm seeks an education law and public ent...

Apply Now

SEARCH IN ARCHIVE

To Top