Billable Rate Compilation Info? Forum
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Anonymous posting is only appropriate when you are revealing sensitive employment related information about a firm, job, etc. You may anonymously respond on topic to these threads. Unacceptable uses include: harassing another user, joking around, testing the feature, or other things that are more appropriate in the lounge.
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Billable Rate Compilation Info?
Anyone know where I can find this? I saw data from a few years ago somewhere (can’t find it) and I was curious if there was more updated information.
Or is there a thread here that talks about it?
This is just out of curiosity. I’m billing at $350 in a secondary market and my firm did not move to $180. Wondering if $180k firms bill juniors out at significantly higher rates.
Or is there a thread here that talks about it?
This is just out of curiosity. I’m billing at $350 in a secondary market and my firm did not move to $180. Wondering if $180k firms bill juniors out at significantly higher rates.
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- Joined: Tue Aug 11, 2009 9:32 am
Re: Billable Rate Compilation Info?
look at bankruptcy court dockets for fee applications
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Re: Billable Rate Compilation Info?
I'm at a market paying firm. Our first years charge out at approximately $100-150 more per hour than you listed (not exact, and depending on if they've passed the bar yet).
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Re: Billable Rate Compilation Info?
My V10 bills first years out at $600 and second years at $700. I believe out lit associates cost a bit less, although not much. FWIW our realization rate is also extremely high (near 100%) and write-offs are pretty much non-existent. I'm still amazed every time I see our closing invoice and the flow of funds.
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Re: Billable Rate Compilation Info?
Thanks for the info! If first years are at 600 and you’re not at Wachtell, does this mean that there isn’t a huge spread between first years and partners? I’m assuming RPL is like 1.4m and $600/hr at 1800 (I’m assuming the average # of hours for a first year are greater than this, but just being conservative) is almost 1.1M. Obviously partners aren’t billing 1800 hours but still, that spread seems kind of narrow (I’m assuming the partners are billing at around $1000-1100/hr).Anonymous User wrote:My V10 bills first years out at $600 and second years at $700. I believe out lit associates cost a bit less, although not much. FWIW our realization rate is also extremely high (near 100%) and write-offs are pretty much non-existent. I'm still amazed every time I see our closing invoice and the flow of funds.
Guess it makes sense that my firm is NOT at $180k.
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Re: Billable Rate Compilation Info?
My firm (180k, not WLRK) bills ot associates from 550 to around 900, and partners from 1000 to 1600.
Had to proofread a bill literally yesterday.
Had to proofread a bill literally yesterday.
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Re: Billable Rate Compilation Info?
This is my firm as well (v10, non-NYC, 180K base). Im a third year and bill out at 725-805 depending on client/engagement date (revised rate structure each year, billing tied to date of engagement letter - there is one large, long time client that I think I bill at less than 700).Anonymous User wrote:My firm (180k, not WLRK) bills ot associates from 550 to around 900, and partners from 1000 to 1600.
Had to proofread a bill literally yesterday.
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Re: Billable Rate Compilation Info?
Same at my NYC V20 - at least my group. Practice heads determine each group's billing rates. I'm a second year billing out at $640 (which is absurd). Larger clients have separately negotiated deals.Anonymous User wrote:This is my firm as well (v10, non-NYC, 180K base). Im a third year and bill out at 725-805 depending on client/engagement date (revised rate structure each year, billing tied to date of engagement letter - there is one large, long time client that I think I bill at less than 700).Anonymous User wrote:My firm (180k, not WLRK) bills ot associates from 550 to around 900, and partners from 1000 to 1600.
Had to proofread a bill literally yesterday.