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Regional urban centers such as Salt Lake City will average $150 per hour for an associate's time on a basic case, but that fee will increase for larger firms. Within large firms in the United States, billable hours are considered a measure of productivity with a minimum of about 1,800 required or expected of associates. [9]
James Gatto, a partner at Sheppard Mullin who co-leads the firm's AI industry team of about 100 attorneys, said that the billable hour isn't going anywhere for higher-level work, but that there ...
The kind of intentional overbilling a former Kirkland & Ellis lawyer recently admitted is rare, experts say. But when it does occur, it can be seen as another consequence of law firms ...
For many years, the United States Attorney's Office used the Laffey Matrix ("USAO Laffey Matrix") as a basis for hourly rates for attorneys' fees in litigation claims. This matrix used the original Laffey Matrix from 1982 and adjusted it annually using changes in the Bureau of Labor Statistics Consumer Price Index for all Urban Consumers for the Washington-Baltimore area.
This lower cost structure allows virtual law firms to bill clients on a contingency basis rather than by billable hours paid in advance by retainer. [18] Related innovations include alternative legal services provider (ALSP), legal outsourcing and what is sometimes called "NewLaw". [19] The largest law firms have more than 1,000 lawyers.
If you've ever needed a lawyer, now's a good time to hire one. Instead of the traditional billable hour, more lawyers are turning to flat costs for services, according to a Las Vegas Sun story.
In 2011, Nixon Peabody attorneys spent an average of 56 hours on pro bono matters, or 3.7% of their billable hours. The firm as a whole contributed 37,539 hours to pro bono work. [13] The firm "targets 3% of billable hours annually for pro bono work." [14]
According to the National Association of Legal Fee Analysis (NALFA), legal auditing is a litigation management practice and risk management tool, used by insurance and other consumers of legal services, to determine if hourly billing errors, abuses, and inefficiencies exist by carefully examining and identifying unreasonable attorney fees and expenses. [1]