In what is always one of the more popular articles of the year, presenting the list of BigLaw firms sporting partners who charge the highest hourly rates!
As a caveat, however, while it’s interesting to see the hourly rates at the top of the legal food chain, at the same time it’s an extremely painful experience for those clients who may be facing these exorbitant charges!
In addition, for those attorney’s who are charging a mere fraction of BigLaw numbers for what might actually be more rigorous and more skilled representation, well, they can’t be particularly thrilled either.
At-the-end-of-the-day the question is whether a client will always gets what they pay for with the highest cost or, if in fact the truth is that mediocre lawyers lucky enough to be working at a ‘name’ firm can simply charge whatever the market will bear regardless of the quality of outcomes they may have produced in the past?
And because I know this sounds somewhat cynical, opinions of others on this issue would be appreciated.
Finally, for comparison purposes, a list is provided of the New York firms where the partner hourly billing rate is, shall we say, a little bit more reasonable.
BigLaw Firms With The Highest Hourly Billing Rates (Note: reading the comments at the original article some of these numbers are called into question)! (Source)
- Gibson Dunn: $1,800
- Dickstein Shapiro: $1,250
- Kaye Scholer: $1,250
- WilmerHale: $1,250
- Akin Gump: $1,220
- Kasowitz Benson: $1,195
- MoFo: $1,195
- Skadden: $1,150
- Cozen O’Connor: $1,135
- Baker & McKenzie: $1,130
New York City Firms With The Lowest Hourly Billing Rates!
- Orrick: $715
- White & Case: $700
- Stroock: $675
- Dechert: $670
- Weil Gotshal: $625
- Kasowitz Benson: $600
- Greenberg Traurig: $535
- Norton Rose: $525
- DLA Piper: $450
- Jones Day: $445
Michael Haltman, President of Hallmark Abstract Service, New York.
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