A word on the research and compilation methodology. The author has a research team that identifies hourly rates that are publicly disclosed. About 2,000 hourly rates per week of Attorneys and Support Staff for over 1,000 Law Firms globally are added to the database. Further research is required to “connect the dots” by adding detailed Attorney Profile information and linking the legal work performed to specific Clients and Client Industries. Through this process we are able to provide actionable data to users - Law Firms and Corporate Counsel - of the Attorney Hourly Rates and our Analytical Reports, including this one, to make important monetary decisions in terms of legal services offered and purchased. In terms of the Report, not all timekeepers will appear in every year so sometimes average rates may vary; in this case the trend line and averages over the 2011 - 2016 period are the best indicators. In the event that no rates are available for a given field (Year or Position), an algorithm is used to estimate a rate or rates. Upon the request from Clients to complete the Rate Cards for most large Law Firms, we estimated some rates for various Associate Class Years, these are marked with “E” for estimate. The author considers Senior Partners to be ones with 25+ years of experiencing (Law School Graduation Year of 1989 or sooner), Partners with 24 years or less experience and Senior Associates with 5 years or more experience. Of course, those experience levels may vary by Firm but seem to work for both Large Law Firms and Middle-Market ones. The author takes no responsibility for the information obtained from public or private sources in compiling this Report or for the errors and omissions of its Research staff. This report is for internal purposes only. Any other use by the purchaser of this Report, for example use in any Court or Mediation or in the Media, is prohibited except with prior written consent.
Section 2: Rates & Projections by Practice Area
Section 3: Rates & Projections by Industry
Section 4: Relative Rankings