Billing rates see small increase

December 8, 2010
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The National Law Journal’s 2010 Law Firm Billing Survey is out and it shows that firms are still increasing their billing rates, but not as much as in years past.

The average firm-wide billing rate went up by 2.7 percent this year, the second year in a row that rate increases grew by less than three percent. Firms used to increase their billing rates as much as eight percent when the economy was better in the mid-2000s.

Of those firms responding to the survey, 75 percent increased their rates this year; eight percent left their rates the same; and 17 percent lowered their average billing rates.

The survey was sent to the 250 largest law firms in the nation. Three Indianapolis-based firms made the NLJ’s 250 largest law firms list – Baker & Daniels at 152, Barnes & Thornburg at 85, and Ice Miller at 181 – but only Barnes & Thornburg listed its rates.

Barnes reports it has 494 attorneys in its 11 offices around the country with the average firm-wide hourly billing rate of $367; its median rate is $375.

The three firms did provide some information on how they bill rates. They all report they have discounted and blended variations on the billable hour. As alternative billing methods, Baker & Daniels cites hybrid, retrospective, fixed or flat, and contingent; Barnes and Ice both list hybrid, fixed or flat, and contingent.

Cincinnati-based law firms Frost Brown Todd, which merged with Locke Reynolds in early 2009; and Taft Stettinius & Hollister, which merged with Sommer Barnard in May 2008, also participated in the survey. Frost Brown Todd lists 404 attorneys and an average firm-wide billing rate of $279. Its median rate is $280. It reports that 76 percent of its revenue is generated through variations on the billable hour, which are discounted, blended, or “other.” The firm doesn’t have alternatives to the billable hour.

Taft reports 286 attorneys and its average and median firm-wide billing rates to both be $315. It says 40 percent of its revenue is through discounts on the billable hour. Taft reports 20 percent of the firm’s revenue is obtained through alternative billing methods: hybrid, fixed or flat, and contingent.

Frost is ranked 111 on the NLJ’s 250 largest law firms list; Taft is on the list at 149.
 

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  1. It appears the police and prosecutors are allowed to change the rules halfway through the game to suit themselves. I am surprised that the congress has not yet eliminated the right to a trial in cases involving any type of forensic evidence. That would suit their foolish law and order police state views. I say we eliminate the statute of limitations for crimes committed by members of congress and other government employees. Of course they would never do that. They are all corrupt cowards!!!

  2. Poor Judge Brown probably thought that by slavishly serving the godz of the age her violations of 18th century concepts like due process and the rule of law would be overlooked. Mayhaps she was merely a Judge ahead of her time?

  3. in a lawyer discipline case Judge Brown, now removed, was presiding over a hearing about a lawyer accused of the supposedly heinous ethical violation of saying the words "Illegal immigrant." (IN re Barker) http://www.in.gov/judiciary/files/order-discipline-2013-55S00-1008-DI-429.pdf .... I wonder if when we compare the egregious violations of due process by Judge Brown, to her chiding of another lawyer for politically incorrectness, if there are any conclusions to be drawn about what kind of person, what kind of judge, what kind of apparatchik, is busy implementing the agenda of political correctness and making off-limits legit advocacy about an adverse party in a suit whose illegal alien status is relevant? I am just asking the question, the reader can make own conclsuion. Oh wait-- did I use the wrong adjective-- let me rephrase that, um undocumented alien?

  4. of course the bigger questions of whether or not the people want to pay for ANY bussing is off limits, due to the Supreme Court protecting the people from DEMOCRACY. Several decades hence from desegregation and bussing plans and we STILL need to be taking all this taxpayer money to combat mostly-imagined "discrimination" in the most obviously failed social program of the postwar period.

  5. You can put your photos anywhere you like... When someone steals it they know it doesn't belong to them. And, a man getting a divorce is automatically not a nice guy...? That's ridiculous. Since when is need of money a conflict of interest? That would mean that no one should have a job unless they are already financially solvent without a job... A photographer is also under no obligation to use a watermark (again, people know when a photo doesn't belong to them) or provide contact information. Hey, he didn't make it easy for me to pay him so I'll just take it! Well heck, might as well walk out of the grocery store with a cart full of food because the lines are too long and you don't find that convenient. "Only in Indiana." Oh, now you're passing judgement on an entire state... What state do you live in? I need to characterize everyone in your state as ignorant and opinionated. And the final bit of ignorance; assuming a photo anyone would want is lucky and then how much does your camera have to cost to make it a good photo, in your obviously relevant opinion?

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