New York City firms raised their attorney billing rates on average by 12 percent in the last few years, the second highest change in rates among lawyers in various U.S. cities, according to a new report, which also shows that a lawyer’s billing rate is determined more by law firm size and location than by status, experience or practice area.
The 2012 Real Rate Report found the median billing rate for 2,020 partners in New York City last year was $756, while the top quarter of those partners’ rates was more than $937.
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