Law firm news by topic » Billing Rates

Large law firms get less work, but charge more

Sep 12, 2013 A new report on corporate spending has found that major corporations gave law firms nearly 12 per cent less work in the first half of 2013 compared to the same period from the year before, but when they did call on…

more »

Billing rates up for US partners and associates

Jul 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…

more »

Indian LPO firms continue to flourish

Jul 5, 2013 Legal process outsourcing has been a hugely successful addition to the Indian economy, and is expected to earn more than US$1 billion in 2014. Legal professionals working for US and UK law firms to do simple tasks…

more »

Low execution risk keeps Asian legal fees down

Jul 3, 2013 International law firms waiting for legal fees to rise in Asia might be waiting a long time, according to this article in The American Lawyer. The relatively low fees paid for legal work in Asia is not just about low…

more »

New fee guidelines for US bankruptcy cases

Jun 26, 2013 The US Trustee Program has introduced new fee guidelines for lawyers in "larger" Chapter 11 cases, which are set to take effect in November. Steven J. Harper, an author and Northwestern University adjunct professor,…

more »

Growth rate at top UK firms down by half

Jun 11, 2013 The rate of fee income growth among the UK’s top 100 law firms has halved since last year, according to business advisory firm Deloitte. The 2013 financial year saw fee income increase by 2.6% down from the 6.6%…

more »

Paralegal pay rises 3%

Jun 3, 2013 A new survey has shown a 3 per cent increase in pay for paralegals over last year’s figures, while the rates that law firms charge clients for paralegal services dropped 5 per cent in the same period. The survey…

more »

'The tide is out' on the legal services market

Jan 22, 2013 Law firms "can no longer rely on a rising tide that lifts all boats," according to a new client advisory from Citi Private Bank's Law Firm Group and Hildebrandt Consulting. "In fact, the tide is out." The report found…

more »

Large law firms maintain high billing rates

Dec 20, 2012 Leading partners at major law firms are still able to demand a premium for their services, according to a survey published by The National Law Journal. The survey looked at 55 firms from among the top 350 US firms, with…

more »

New Indian firm to focus on value for clients

Dec 14, 2012 Former Ernst & Young (E&Y) associate director Gajendra Maheshwari and manager Rajat Bose have launched the new tax and disputes boutique Reina Legal in Gurgaon, after hiring seven associates including a mix of chartered…

more »