At some of the largest law firms the hourly rate that is being charged by some partners is now coming perilously close to the $2,000 barrier.
The question is whether this rate is justified based on experience, track record and possibly connections both within and without the judicial system, or whether a hungry and seasoned solo practitioner or small practice couldn’t bring home the same results for a more ‘reasonable’ rate, say $300 or $400 an hour?
Certainly if you are General Motors facing a complicated litigation with a legal opponent who comes to the party with a high-powered team the choice is a simple one.
But, if you are an individual or small company with limited pocket depth, the choice is more complicated.
See the highest hourly rates charged at BigLaw firms and the lowest charged by firms in New York City below.
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The Highest Hourly Rates!
- Gibson Dunn: $1,800
- Dickstein Shapiro: $1,250
- WilmerHale: $1,250
- Akin Gump: $1,220
- Kasowitz Benson: $1,195
- MoFo: $1,195
- Skadden: $1,150
- Baker & McKenzie: $1,130
- Bracewell & Giuliani: $1,125
- Paul Weiss: $1,120
The Lowest Hourly Rates in New York City!
- Proskauer Rose / Hughes Hubbard: $725
- Kaye Scholer: $715
- White & Case: $700
- Dechert (NY): $670
- Weil (NY) / Seward & Kissel: $625
- Kasowitz Benson (NY): $600
- DLA Piper: $450
- Jones Day: $445
- Kelley Drye: $435
- Greenberg Traurig: $360
H/T Above The LawGoogle+