Billing rates up for US partners and associates

July 17, 2013 The billing rates for US partners increased by 3.1 percent to $536 in 2012, compared to a 4 percent increase in 2011. Similarly, average associate rates increased 7.4 percent to $370 in 2012, down from 8.5 percent growth the year before.

The figures come from an analysis conducted by TyMetrix Legal Analytics and CEB. The report is based on data from $9.5 billion worth of invoices submitted by 4,800 US law firms to 83 corporate clients from 2008 to 2012.

Partners in New York City had the highest average billing rate—about $756—while the practice area with the highest billing rate was finance and securities, with an average of $673 an hour.

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