Hourly Billing Rates Continue to Rise
am 13.12.2005 von http://www.jurabilis.de
Its a good time to be a lawyer.
Billing rates for law firm attorneys jumped last year, with partners and associates raking in more dollars per hour than ever before. And at least one partner now charges $1,000, the first four-figure hourly rate reported to The National …
Billing-Studie
Jurabilis / - Discounting is common practice. 76% of all firms discount their fees versus published rates or rates they might have mentioned in an initial client conversation - with the average discount amounting to 9.9%. - Larger firms are more likely to d…
Entlohnungsgefüge unter Druck
Jurabilis / [... T]he most recent round of associate pay hikes has edged senior associates ever closer to junior partner pay rates. In fact, in some cases, senior associates can come out ahead of partners -- particularly if the firm has a nonequity tier. H…
Gute Zeiten für Paralegals
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Weihnachtszeit, Bonus-Zeit
Jurabilis / For big-firm associates in New York it may be time to uncork the champagne. This just in: Milbank, Tweed, Hadley & McCloy has announced it is paying year-end associate bonuses ranging from $30,000 for the most junior attorneys up to $65,000. Tha…
Law Firms: The Shortest Hours
Jurabilis / This is a ranking of the shortest hours worked by midlevel associates. Associates at the #1 firm, Chapman and Cutler, averaged 49 hours worked (39.1 billed) per week. Associates at #161, Wachtell, Lipton, Rosen & Katz, worked on average 71.1 (an…
Der Bewerbermarkt
Jurabilis / The most common first-year associate salary at law firms with more than 500 attorneys climbed to $135,000 in 2006, NALP reported. That figure likely was welcome relief for law graduates, whose salaries at those firms were stagnant at $125,000 from 2…
Ernennungen neuer Partner bei den TOP 50
Jurabilis / Diese Tabelle bietet eine gute Übersicht für den Markt im UK: Partner promotions across the top 10 City firms fell by 10% over the last financial year, according to Legal Week research which suggests law firms are already tightening their belt…
Eine neue Kaste in der Großkanzlei-Hierarchie
Jurabilis / Die Contract Attorneys entwickeln sich immer mehr zu einer eigenen institutionalisierten Hierarchieebene neben (Senior-, Equity-, Local-, Fixed Salary-)Partnern, Associates und Paralegals. Bei Skadden zB heißen sie offenbar Staff Attorneys, bek…
AmLaw 100-Ranking: Neue Zahlen zum Rechtsmarkt in den USA
Jurabilis / Die neue AmLaw 100-Tabelle ist online abrufbar (David Lat: O happy day!). Die Liste ist bereits als solche sehr interessant. Ein wenig Statistik:- Total revenues reached $64.5 billion, an increase of 13.6 percent. - Two firms, Skadden Arps an…
Why Do So Few Women Reach the Top of Big Law Firms?
Jurabilis / Although the nations law schools for years have been graduating classes that are almost evenly split between men and women, and although firms are absorbing new associates in numbers that largely reflect that balance, something unusual happens to mo…
Summer Associates: Less Big-Scale Entertaining
Jurabilis / All play and no work. Thats the common conception of summer-associate programs at the nations biggest law firms. For about three months, the thinking goes, the firms bestow upon an anointed crop of law students a taste of the good life. They lunch a…
Billing Ethics
Jurabilis / Dear Mr. Schaeffer: This is a question about billable hours. Recently, I switched law firms. At the old firm, we billed in 6-minute increments, meaning that if I worked for 8 minutes on a case, I was supposed to round up to 12 minutes. Since each…
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