Average Hourly Rate for Lawyers
Incisive Legal Intelligence released its 2009 Billing Rates and Practices Survey Report today giving interesting data on average lawyer billing rates:
The average hourly billing rate reported was $284. Nationally, plaintiffs' contingency litigation is the practice area with the highest average hourly billing rate ($413), followed by labor/employment ($302), general law ($295) and real estate/land use ($294). The billing rate survey data represents a sample of more than 14,000 lawyers throughout the 50 United States, drawn from responses from 255 law firms.
If I had to guess the average billing rate for attorneys nationally, this is pretty close to what I would have predicted. It would be interesting to see how much of that $284 dollars got collected in 2007 versus 2009.
If you want to buy the full report, it is available for $550. Are you kidding me? I think I've told you enough.