Hourly Rates

  • money in the hands

    Biglaw, Billable Hours, Money, Partner Issues

    The Biglaw Firms With The Highest Partner Billing Rates

    Some partners are edging closer and closer to a $2,000 per hour rate. Which firms do they hail from?

    12 Comments / / Jan 13, 2014 at 2:57 PM
  • Ted Olson's hourly rate.

    Bar Exams, Biglaw, Billable Hours, Clerkships, Crime, Gender, Job Searches, Kids, Law Schools, Money, Morning Docket, Partner Issues, Rape, Ted Olson, Women's Issues

    Morning Docket: 01.13.14

    * While we’re celebrating recently anointed Biglaw partner classes, let’s take a minute to call out the firms that haven’t bestowed the honor upon a single woman this year. Cheers, jerks. [Am Law Daily]

    * The results of the NLJ’s Law Firm Billing Survey are out, and lo and behold, one of the top partners in the country is pushing $2,000 an hour for his services. Congrats, Ted! [National Law Journal (sub. req.)]

    * Everyone’s buzzing about the federal law clerk who’s been accused of attempted aggravated rape and solicitation of a minor under 13. Don’t let that legendary 4.0 GPA go to waste. (More on this later.) [Times-Picayune]

    * Congratulations to Gerchen Keller Capital, the litigation finance firm founded by former SCOTUS clerks and hedge-fund alumni, on raising $260 million for its new fund. [DealBook / New York Times]

    * Iowa is thinking about allowing law school grads to practice immediately instead of having to take and pass a bar exam. Paired with its recent tuition cuts, the Hawkeye State is looking better and better. [Des Moines Register]

    * If you’re in the unfortunate situation of still having to look for a law job once OCI has ended, then you might want to start considering applying for some of the other law jobs that don’t want you. [Mashable]

    * The incarceration of a blogger known for making salacious allegations against federal judges raises First Amendment concerns. [New York Times]

    2 Comments / / Jan 13, 2014 at 9:22 AM
  • 'My life is so meaningful. Thanks law school!'

    Banking Law, Bar Exams, Biglaw, Crime, Law Professors, Law Schools, Money, Trials

    Morning Docket: 11.15.13

    * Despite the fact that the overall demand for legal work was down by five percent during the first nine months of the year, law firms still raised their hourly rates. Hey, what can we say? Math is hard. [Am Law Daily]

    * After instructing his lawyers not to speak during what he called a “sham sentencing,” Whitey Bulger received two life sentences plus five years. Don’t worry, the appeal won’t be a sham. [National Law Journal; CNN]

    * Attention c/o 2015: the New York City Bar Task Force is considering throwing commercial paper out the window in favor of administrative law. Something something arbitrary and capricious. [New York Law Journal]

    * What is law school for, aside from collecting gigantic mountains of non-dischargeable student loan debt? Apparently it’s for creating a more meaningful life, because with poverty comes clarity. [WSJ Law Blog]

    * In the very near future, you might need a license to conduct business with virtual money like bitcoin. The Brothers Winklevii are probably already preparing their paperwork to file. [DealBook / New York Times]

    5 Comments / / Nov 15, 2013 at 9:09 AM
  • George Zimmerman: Not Guilty

    Airplanes / Aviation, Biglaw, Billable Hours, California, Crime, Disasters / Emergencies, Gay Marriage, Law Schools, Money, Morning Docket, Partner Issues, Patents, Pranks, SCOTUS, Sexual Harassment, Supreme Court, Television, Trials

    Morning Docket: 07.15.13

    * Size matters when it comes to hourly rates. Because when you work in Biglaw, it’ll be all the more odious for your poor clients when you “churn that bill, baby.” [Corporate Counsel]

    * Would you want this Cadwalader cad, a former mail room supervisor, at your “erotic disposal”? The object of his affections didn’t want him either, and she’s suing. [New York Daily News]

    * In the wake of the George Zimmerman verdict, the NAACP is pressing for federal charges and a civil suit may be in the works. This trial isn’t over in the court of public opinion. [Bloomberg]

    * This experience inspired George Zimmerman, fresh off his acquittal, to go to law school to help the wrongfully accused. If it makes you feel better, when he graduates, he’ll be unemployed. [Reuters]

    * Here’s the lesson learned by Prop 8 proponents: If at first you don’t succeed at the Supreme Court, try, try again at the state level and base your arguments on technicalities. [Los Angeles Times]

    * You do not want this patent troll — one of the most notorious in the country — to “go thug” on you. Apparently this is just another danger of alleged infringement in the modern world. [New York Times]

    * Asiana Airlines is considering suing the NTSB and a California television station over the airing of “inaccurate and offensive” information (read: wildly racist) about the pilots of Flight 214. [CNN]

    * Ariel Castro was slapped with an additional 648 counts in the kidnapping case against him, bringing the total to 977. Prosecutors are not yet seeking the death penalty. [Cleveland Plain Dealer]

    15 Comments / / Jul 15, 2013 at 9:11 AM
  • stack of money

    Biglaw, Department of Justice, Free Speech, Law Schools, Media and Journalism, Money, Morning Docket, NALP, National Association for Law Placement (NALP), SCOTUS, Social Media, Social Networking Websites, Supreme Court, Technology

    Morning Docket: 06.24.13

    * With a sharp focus on the Supreme Court and the legal definition of equality, only one thing’s for sure with respect to this week’s anticipated rulings: at least one group of people is probably going to get screwed. [New York Times]

    * And lest we forget, thanks to our society’s near slavish obsession with social media and knowledge on demand, we’ll salivate uncontrollably as we wait for those opinions while the justices blissfully ignore new technology. [New York Times]

    * The Justice Department charged NSA leaker Edward Snowden with espionage, and now he’s pursuing political asylum in Ecuador with the assistance of legal counsel representing WikiLeaks. [NBC News]

    * Biglaw firms are trying to strengthen their pricing power in a post-recession world, with average rate increases of 4.8% in 2012, and hourly rates soaring in New York City. [Wall Street Journal (sub. req.)]

    * There were some bright spots in the otherwise dismal NALP job numbers for the class of 2012. Biglaw hiring is up, and so are median starting salaries. Sallie Mae is pleased as punch. [National Law Journal]

    * If you’re considering law school, ask yourself these questions before applying. You should also ask yourself if you’re cool with unemployment. [Law Admissions Lowdown / U.S. News & World Report]

    * Richard Trenk, author of the “ham-fisted” cease-and-desist letter that’s been read around the world, has been honored as the New Jersey Star-Ledger’s “Knucklehead of the Week.” Congrats! [Star-Ledger]

    * There’s no solace for people who have had to pay to have their mug shot “depublished” from the internet. Sorry, the First Amendment allows people to turn a profit off your misery. [Washington Post]

    * This lawsuit over unpaid internships filed against Gawker will sting any gossip girl’s heart to the core. But really, isn’t the privilege of working for Gawker enough? This fangirl thinks so. [New York Post]

    7 Comments / / Jun 24, 2013 at 9:07 AM
  • price in clamp RF

    Biglaw, Billable Hours, Money, Quote of the Day

    Seeking Biglaw Billables: $1,150/Hour OBO!

    In this day and age, even Biglaw bills can be discounted.

    14 Comments / / Apr 10, 2013 at 2:58 PM
  • Don't be a sucker!

    2nd Circuit, Bar Exams, Barack Obama, Billable Hours, California, Constitutional Law, Free Speech, Law Professors, Law School Deans, Law Schools, Money, Non-Sequiturs, Police, Politics

    Non-Sequiturs: 01.04.13

    * According to the Second Circuit, the long arm of the law doesn’t extend to the middle finger. You can’t just go around arresting dudes for flipping you the bird. [U.S. Second Circuit / FindLaw]

    * President Obama jetted off to Hawaii before he could sign the fiscal cliff bill, so he ordered it be signed by autopen. Of course, people are losing their minds over it. [Volokh Conspiracy]

    * Should we scrap the Constitution? Georgetown Law professor Louis Seidman continues to advocate for constitutional disobedience in this epic ConLaw throwdown. [HuffPost Live]

    * Don’t celebrate your increase in California bar passage points yet. The state bar changed its tune, and a 40% pass rate is the new standard. That shouldn’t be hard, eh TJSL? [California Bar Journal]

    * One of our former columnists, Jay Shepherd, has a great way to calculate what your actual hourly rate should be, if you don’t mind working for just pennies a day. Most lawyers would mind. [jayshep]

    * For the love of God, even Gawker knows that going to law school these days is a fool’s errand, or in their own words: “IT’S A SUCKER’S BET. A CLEAR SUCKER’S BET.” Come on, stop being suckers. :( [Gawker]

    * If you’d like to hear Dean Lawrence Mitchell of NYT op-ed fame sound off on why there isn’t a lawyer oversupply problem, and why it isn’t his job to get law students jobs, we’ve got a video for you to watch….

    5 Comments / / Jan 4, 2013 at 5:00 PM

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