Business of Law
Highest Partner Billing Rate in New Survey Is $1,285 an Hour
A real-estate investment trust partner in the Dallas office of Locke Lord has the highest billing rate in a new survey: $1,285 an hour.
The National Law Journal survey also revealed the lowest rate for associates: $130 at Dinsmore & Shohl based in Cincinnati. The legal newspaper provided data from 55 of the nation’s largest law firms, available here.
The median hourly billing rate firmwide is $425 this year, compared to $420 last year. When the survey breaks out information only from firms that took part in the survey both in 2011 and 2012, the firmwide median is $432, compared to $410 last year.
The median hourly billing rate for partners this year is $501, while the median for associates is $317.
