Despite clients' grousing over fees, about three-fourths of the firms that took part in an annual National Law Journal survey charged more this year than in 2006. The figure represents firms that increased the high end of the billing range charged by partners and associates. This year's percentage of firms increasing their high rates fell shy of last's year's 79.3 percent. But the 2007 uptick, in addition to first-year associate raises to $160,000 at elite firms, did not sit well with many clients.
Large Firms' Billing Rates Continue to Climb
The National Law Journal
December 11, 2007