TITLE

Top 10 firms raise partner rates to over £500 per hour

PUB. DATE
July 2005
SOURCE
Lawyer;7/4/2005, Vol. 19 Issue 26, p1
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports that partner charge-out rates at the top 10 law firms have breached the 500-pound-per-hour threshold for the first time in the United States. Exclusive research conducted by the journal "The Lawyer" has found that the prevailing hourly rates charged by partners is between 500-550 pounds, while some magic circle corporate partners are understood to bill more than 600 pounds per hour. Charge-out rates for associates range from 200 pounds per hour for newly-qualified up to 440 pounds per hour for their most senior peers. Trainees are charged out at between 145-170 pounds per hour.
ACCESSION #
17605411

 

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