Law360, New York (May 11, 2016, 3:40 PM EDT) -- The top hourly rate corporate clients are willing to pay their outside attorneys has increased by a whopping 25 percent in the last year to its highest level ever, according to information released Wednesday.
That rate has now reached $2,000 per hour, according to research conducted by BTI Consulting Group, a significant increase from the previous high of $1,600 reached
last year and nearly three times the average rate clients pay for outside legal work.
Additionally, 59 percent of corporate counsels at large companies now pay at least one law firm $1,000 per hour, compared to only 39 percent last year,...
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