Law Firm Rates Continue Upward Climb

Forget gas prices, law firm rates keep on chugging upward in an inexorable fashion regardless of market conditions:

Hourly billing rates increased last year, reaching an average of $661 for partners and senior counsel. The average for that group was $639 in 2010, according to an analysis by the Daily Report Online.

[via: Hourly Billing Rates Continue Upward Climb; Partner and Senior Counsel Average Is $661 at the ABA Journal]