Biggest Rate Hikes Come From Top-Paid Attys, Report Says

Law360, New York (April 16, 2012, 6:28 PM EDT) -- Hourly rates for the most expensive lawyers are rising the quickest, according to a report on legal billing rates released Monday, signaling to some that major law firms are settling back into prerecession charging habits.

Lawyers' average rates jumped 5.1 percent in 2011 overall, growing faster than key measures of inflation, according to a report published by TyMetrix Legal Analytics and Corporate Executive Board. That increase came on top of a 4.3 percent jump in average rates in 2010.

Much of the rate hikes are occurring...
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