[January 31, 2014]

Research and Markets: 2014 Attorney Billing Rate Report: The Most Comprehensive Analytical Report of the Year

Research and Markets (http://www.researchandmarkets.com/research/q2w35k/2014_attorney) has announced the addition of the "2014 Attorney Billing Rate Report" report to their offering.

The report details hourly rates and AFA (Alternative Fee Arrangements) changes for the past 6 Years (2008-2013) and makes a predictive forecast for 2014 by Attorney, Individual Firm, Firm Categories by Annual Revenue (Top 10, 50, 100, 200, 201-600), Position (Partner, Counsel and Associates by Class Year), Practice Areas and Cities for over 500 Firms (Top 200 + 300 Others, US and Non-US).

The Report has both summary information b firm revenue size group (Top 10, 50, etc), practice areas (Litigation, Antitrust, Intellectual Property, M&A, Tax, Bankruptcy, Finance, Labor & Employment, Real Estate and Securities), city (US, Europe and Asia) and detail information by firm, position rates (Senior Partner, Partner, Counsel, Associates by Class Year 1 - 8) for 2008 - 2013. For each category, an hourly rate forecast by firm and position is made based on changes within the firm and past hourly rate adjustments.

Summary of Key Findings

- As the summary tables and analyses will show, large law firms (AMLAW 1 - 100) have the continued ability to raise their prices and keep their rates at a premium. Smaller firms, especially ones smaller than the AMLAW 200, have less price control and have actually experienced rate declines in 2012 and 2013, mild recovery years. It is expected that this trend will continue.

- In addition to the size of the law firm, location and practice areas are also key. Attorneys in New York, Northern California, London, Chicago and Washington, DC charge more than in other large cities. Additionally, M&A, Tax and IP carry higher priced tags than some other practice areas such as Employment, Insurance and Financial-related Litigation. The latter being somewhat commoditized due to the massive amounts of defense work initiated by the largest financial institutions as a result of suits stemming from the 2008 collapse.

- Lastly, as was true in 2012, Associates at most Firms achieved the highest rate increases. Again, this was due to what we call compensation catch-up, i.e., Associates were denied any significant rate increases from 2008 - 2011 and took the hit from the downturn, with several large law firms laying off 10% or more of that position.

For more information visit http://www.researchandmarkets.com/research/q2w35k/2014_attorney

About Research and Markets

Research and Markets is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.

[ Back To TMCnet.com's Homepage ]