In-house counsel have struck out at "unsustainable" raises in salaries for private practice lawyers, arguing that they will lead to an unwelcome increase in billing rates. Their fears come after research last week revealed that three-quarters of partners at leading London firms said they think fees will increase over the coming year, with nearly a fifth claiming clients should prepare themselves for above-inflation rises.
June 13, 2008 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
In-house counsel have hit out at “unsustainable” raises in salaries for private practice lawyers, arguing that they will lead to an unwelcome increase in charge-out rates.
Their fears come after Legal Week research last week revealed that three-quarters of partners at leading London firms said they think fees will increase over the coming year, with nearly a fifth claiming clients should prepare themselves for above-inflation rises.
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