Forget $1,000 an hour or $2,000 an hour – how about $5,000 an hour?
“The bull market in high-end work makes hourly rates defy gravity. The dramatic increase in clients’ need for complex and bet-the-company work is bad for clients but downright awesome for law firm rates. The highest rate in the market now commands 2.9 times the average rate clients pay…59% of corporate counsel at large companies now pay at least one law firm $1,000 per hour as their top hourly rate paid—compared to only 39% last year. Again, top legal decision makers credit the increase in the most complex legal work.”
Read: Is $5,000 an Hour Next? at The Mad Clientist