The National Law Journal's annual survey of billing rates shows that top partners at major law firms continue to command premium hourly prices for their services. Median partner rates increased 4.5 percent from last year, while median associate rates increased 3.5 percent. But the higher prices increasingly serve as a mere asking price or suggestion, according to law firm consultants. Law firms are upping their prices to gain room to haggle with clients, many of whom are demanding discounts and alternative fee arrangements.
The 2012 Law Firm Billing Survey
The National Law Journal
January 2, 2013
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