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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.

$3,400 an hour for lawyer fees

 

Prime number: $3,400 an hour

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

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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.

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