Mark Cohen has some insightful thoughts on high hourly rates and how they tie into law firm service delivery structures:
“The Guardian recently reported that senior partners at Magic Circle firms now charge 1,100 pounds an hour— that’s $1,500 plus an expensive lunch. U.S. firms average a bit less, but their rates are not for the faint-of-budget, either…But is the flat demand for law firm services reported by Georgetown Law’s 2016 Report on the Legal Market attributable to the top-end rate or other rungs of Big Law?”
Read: Can $1,500 per Hour Be Good Value? at Legal Mosaic (Mark Cohen)