According to the 2007 Survey Report of Billing Rates
& Practices, a new ALM Research (New York) survey of billing
information that focuses on small, mid-sized and solo legal practices,
female lawyers in smaller firms and solo practices generally bill
clients at lower rates than their male counterparts.
According to the 2007 Survey Report of Billing Rates &
Practices, a new ALM Research (New York) survey of billing information
that focuses on small, mid-sized and solo legal practices, female
lawyers in smaller firms and solo practices generally bill clients at
lower rates than their male counterparts. The survey includes analyses
of billing rates and alternative billing practices based on firm size,
geography, practice area, client industry, years in practice and gender.
More than 5000 lawyers throughout the U.S. responded to the web-based
survey. The average hourly billing rate was $240. The average reported
billable hour requirements were 1701 hours for partners and 1755 for
associates. In addition, 88% of respondents offered alternatives to the
billable hour, while 69% offered variations, including fixed/flat fees
and contingency arrangements.
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