Want to know where to find the most expensive and cheapest partners in Big Law?
First, let’s start with the high rollers. As you might recall, The National Law Journal recently came out with a list of big law firms that have the chutzpah to charge $1,000 or more an hour. The top 10 break-the-bank firms (along with their highest partner rate) are:
Gibson Dunn: $1,800
Dickstein Shapiro: $1,250
Akin Gump: $1,220
Kasowitz Benson: $1,195
Baker & McKenzie: $1,130
Bracewell & Giuliani: $1,125
Paul Weiss: $1,120
In all, there are 30 or so firms that charge $1,000 or more per hour on that NLJ list, including regional type firms like Cozen, Bracewell Guiliani, and Andrews Kurth. (Check out the very cool interactive list at The National Law Journal for the complete rate rankings.) Who knew so many firms can find clients to pay those rates? What happened to rate pressures?
Sure, any firm can jack up their rates. Besides, it’s not what you charge, but what you collect—but let’s not open that can of worms here.
So let’s focus on what I consider to be much more intriguing: big firms where you can hire partners at bargain rates. I’m talking about brand name national firms with jaw-droppingly low rates (below $400/ an hour!). This list includes:
Baker & McKenzie: $260
Bingham McCutchen: $220
Greenberg Traurig: $360
Of course, we don’t know what areas these cheapie partners practice in or what services they’re performing (valet, anyone?). But, hey, it’s impressive that you can get a Big Law partner to slave for you for a mere $220 an hour.
I mean, I know SAT tutors in New York City that charge a hell of a lot more.
E-mail Vivia Chen: firstname.lastname@example.org
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