WSJ Law Blog - Billing Rates Continue to Climb
By Michael D. Thompson, on December 29th, 2010
Wall Street Journal Law Blog reports that law firm billing rates at the nation’s biggest corporate law firms rose 2.7% in 2010. According to the National Law Journal, 2010 was the second straight year of growth rates of less than 3%, which is a significant reduction from the standard 6% to 8% increases from 2004 until 2008 and just slightly higher than the rate of inflation. Per the NLJ, “I think the days of firms being greedy are over,” said Michael Kelly, the chairman of McCarter & English.
