Clients demand and receive discounts even as lawyer rates keep going up
Most law firms avoid posting jobs on Indeed or LinkedIn due to high costs. Instead, they publish them on their own websites, bar association pages, and niche legal boards. LawCrossing finds these hidden jobs, giving you access to exclusive opportunities. Sign up now!
Clients demand and receive discounts even as lawyer rates keep going up
Lawyers demanding high hourly rates, including the $1,150 per-hour-lawyer are still around. Many lawyers are also increasing their hourly rates. However, clients are also increasingly demanding and getting discounts.
This is according to a story in the Wall Street Journal. Legal consultant Ward Bower of Altman Weil Inc., who was quoted in the WSJ story, says that hourly fees should be thought of “as the equivalent of a sticker on the car at a dealership”. He says that law firms may quote those rates, but clients are the ones determining how much they are going to pay.
However, there are still lawyers who can get high prices for their services. The number of partners who billed $1,150 plus per hour has more than doubled in the last 12 months according to data from Valeo Partners. The firm’s database shows that more than 320 lawyers billed at that level in the first quarter of 2013 compared to just 158 last year.
Gain an advantage in your legal job search. LawCrossing uncovers hidden positions that firms post on their own websites and industry-specific job boards—jobs that never appear on Indeed or LinkedIn. Don't miss out. Sign up now!
( 1 vote, average: 5 out of 5)
What do you think about this article? Rate it using the stars above and let us know what you think in the comments below.
Upload Your Resume
Upload your resume now to receive jobs targeted to your background and future career goals. 90% of members who found a job through LawCrossing posted their resume.