Most US law firms plan to increase their billing rates in 2010, according to a survey by management consulting firm Altman Weil Inc. Larger firms anticipate a higher increase than smaller firms, with firms of
Law firm news by topic » Billing
Weil Gotshal & Manges is set to pass the $100m mark in total billings on the Lehman Brothers bankruptcy, reports legalweek. Weil Gotshal's first request for $55m for the period of September 2008 to January 2009 has
When Eli Lilly & Co. settled a whistleblower suit in January for $1.42 billion over allegations it improperly marketed an anti-psychotic drug, Duane Morris was in the unusual spot of representing the plaintiffs along
UK regulatory lawyers at firms like London-based Simmons & Simmons bill as much as 1,000 pounds ($1,440) an hour for advising clients on the financial crisis and scandals.
Slaughter and May has billed the UK Government more than GBP 9 million for its advice on the nationalisation of failed lender Northern Rock. A report by the National Audit Office also showed that the government agreed
More than 70 percent of big US law firms surveyed rising billing rates in 2008, with rates up to $1,200 per hour. The average partner rate was at $451 an hour at all law firms surveyed. White & Case reported the
Carlos J. Spinelli-Noseda, a former Sullivan & Cromwell partner has resigned from the bar. Spinelli-Noseda, a banking and finance specialist who joined Sullivan & Cromwell straight out of Harvard Law School in 1994, was
'Value pricing' requires managing a new way. Some attorneys claim it really is possible to make more money while charging less. The secret lies in vastly improved work efficiency.
A Canadian lawyer is in trouble after being accused of charging a client for an impressive 30 hours' work in a single day. Mobina Jaffer, who is also a Canadian senator, acted with her son Azool to defend Catholic
Female lawyers in smaller firms and solo practices generally bill clients at lower rates than their male counterparts. This and other billing trends are highlighted in the 2007 Survey Report of Billing Rates & Practices,
In a case that has taken a decade to resolve, attorney Michael Romansky received a 30-day suspension Thursday from the D.C. Court of Appeals relating to overbilling issues while he was a partner and leader of the health
Attorney billing rates shot up in 2007, with approximately three-quarters of the law firms that participated in The National Law Journal's annual survey boosting the amounts they charged for partner and associate