The Attorney Rate Report 2017 is the most in-depth look at Attorney hourly rates for large, middle-market and small Law Firms in the United States and the UK. The report details the hourly rates of Partners, Counsel, Associates and Support Staff for 2011 - 2016 and forecasts 2017 rates.
2016 - 2017 is and will be an important year for hourly rates especially for associates who have taken the brunt of the recessionary downward pricing spiral but now stand to benefit with the largest hourly rate increases since 2008 - 2009. Additionally, a dichotomy can be seen in litigation work: 1) high-stakes litigation where pricing is high and may include performance bonuses and success fees and 2) bulk RFP type work that is packaged and sold by large Corporate Counsel to the lowest bidder. So, we have opposing pricing forces at work: high premium versus bargain discounting. See more in Sections 1 and 2.
Upcoming Revisions: In order to meet client deadlines, this report is being published on time and also notifying them of the following upcoming revisions: 1) Due to the size of the report, a much more condensed summary of overall average rates will be provided by firm and 2) Magic Circle (MC) and Silver International (SI) Firms, i.e., large UK-based firms have always been included in the Non-AMLAW ranks but the growth in their rates and the comprehensive capture of those rates by the research team has skewed the Non-AMLAW rankings so the MC and SI rates will be pulled out from the Non-AMLAW rates and present separately.
Key Topics Covered:
Section 1: Rates & Projections for the Top 200
Section 2: Rates & Projections for Associates by Class Year
Section 3: Individual Firms Rates & Projections
Section 4: Rates & Projections by Practice Area for Top 200
Section 5: Rates & Projections by Industry for the Top 200
Section 6: Rates & Projections by Cities for the Top 200