Cobbetts set to raise client charge-out rates

Begum, Husnara; Harris, Joanne
March 2005
Lawyer;3/28/2005, Vol. 19 Issue 12, p3
Trade Publication
The article reports that Cobbetts Solicitors, a law firm, is poised to hike its client charge-out prices in a bid to harmonise rates across all its offices. The firm, which has carried out no fewer than four mergers since December 2003, is consulting partners as to how much its hourly rates should be increased by. According to well-placed sources, the move may result in rates jumping by almost 30 per cent, resulting in partners' hourly rates rising to as much as 275 pounds. The firm's managing partner Michael Shaw confirmed that charge-out rates were being reviewed, but he denied that the increase would be as high as 30 per cent, arguing that the new rates have yet to be set.


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