At least one Miami law firm office acknowledges it will have to raise billing rates to pay for the hike in associate salaries. "It will probably be a combination of all three," says Matthew Gorson, vice president of Greenberg Traurig, referring to the three options law firms face when figuring out how to fund the raises: boost billing rates, cut into partners' profit margins or force associates to work -- and bill -- more hours.
April 24, 2000 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
Holland & Knight’s Miami office has been fielding calls from clients lately. The question: Are you going to raise our billing rates to pay for those astronomic salary hikes you’re giving your associates?
The answer, according to partner James Groh, is a resounding “No.”
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