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$3,400 an hour for lawyer fees

 

A statue of Lady Justice is blindfolded with a 100 dollar bill, while more money blows into the distance behind her.

Morning Brew Design

Don’t let Saul Goodman hear about what lawyers today are getting away with. Amid a competitive market for talent and increased law firm expenses, hourly rates for America’s top lawyers are skyrocketing. According to the Wall Street Journal:

  • Some senior partners charge $3,400/hour—up from $2,500 about a year ago.
  • Rates for partners at the 50 biggest firms spiked by 16% last year.
  • One California lawyer charges $6,000/hour for consulting on compliance issues in telecom regulation.

Meanwhile, lower-level attorneys’ fees haven’t ballooned in the same way because firms are increasingly turning to AI tools to do their routine work, like reviewing documents and completing regulatory filings.

RG Richardson Communications News

I am a business economist with interests in international trade worldwide through politics, money, banking and VOIP Communications. The author of RG Richardson City Guides has over 300 guides, including restaurants and finance.