TITLE

Rising salaries for new lawyers drive up legal fees

AUTHOR(S)
Stainburn, Samantha
PUB. DATE
May 2008
SOURCE
Crain's Detroit Business;5/12/2008, Vol. 24 Issue 19, p17
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article informs that rising salaries for new lawyers have driven up legal costs in the U.S. As per a survey by the National Law Journal, 75 percent of the U.S. law firms surveyed have reported raising fees in 2007 by an average 8 percent, with hourly billing rate rising to an average $347, compared with $324 in 2006. As reported, the escalation is largely driven by the battkle for law recruits. As reported, Williams Connolly LLP has upped the ante by starting its associates at $180,000.
ACCESSION #
32185605

 

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