Partner Rates Plummet At Top London Firms: Report

By Tina Peng

Law360, New York (September 22, 2009, 4:10 PM ET) -- Partner billing rates have fallen to their lowest level in at least five years at the top five London-based law firms, according to a newly released survey.

Over the past twelve months, average partner rates at Magic Circle firms dropped from £675 ($1,102) an hour to £450 ($735) an hour, according to a survey by legal costs lawyer Jim Diamond released Tuesday and published in the Legal 500.

London's top five firms — Allen & Overy LLP, Clifford Chance LLP, Slaughter & May, Freshfields Bruckhaus Deringer...
To view the full article, take a free trial now.

Already a subscriber? Click here to login

You must correct or enter the following before you can submit this form:

All fields required

  5. Required

Only Law360 gives you:

Non-stop coverage of high-stakes litigation across 30 practices

Real-time tracking and reports on 10,000+ companies, firms and industries

Over 80,000 attorney profiles with neutral data collected from active lawsuits

Research tools to find cases, court documents, attorneys and companies

Customized feeds and alerts that can easily be shared with colleagues

In-depth expert analysis from high-profile attorneys at top firms

Access to our vault with over 75,000 original articles