GE Exec: $1,000 Per Hour Lawyers Have Climbed 75%

$1,000 here, $1,000 there – pretty soon you’re talking about real money:

“Our outside counsel costs are increasing – faster than the rate of inflation. If we look at lawyers whose rate are $1,000 an hour, the number of those lawyers have increased by 75 percent,” said Ann Klee, VP of Global Operations — Environment, Health & Safety, at General Electric Company during last week’s Big Law Business Summit.”

Read: GE Exec: $1,000 Per Hour Lawyers Have Climbed 75% at Bloomberg BNA Business of Law

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