Top Hourly Rates for Some BigLaw Partners Have Reached $2K, Survey Finds
Some U.S. companies are now paying a top hourly rate of $2,000 to partners at the country’s biggest law firms, according to a report on a survey released by BTI Consulting Group.
The report says the top rate of $2,000 an hour in 2015, up from $1,600 last year, represents a 25 percent one-year increase.
BTI conducted more than 300 independent, individual interviews with CLOs and general counsel at Fortune 1000 companies and large organizations.
The company said GCs pay the highest rates for:
- Bet-the-company IP work
- Enterprise level M&A related litigation
- Large-scale government investigation
- Defense against high-profile activist hedge funds
