Up, Up, & Away!

Do higher billing rates for lawyers — partners & associates — mean paralegal rates will be climbing too? Perhaps, but it’s definitely "a good time to be a lawyer."

"Billing rates for law firm attorneys jumped last year, with partners and associates raking in more dollars per hour than ever before. And at least one partner now charges $1,000, the first four-figure hourly rate reported to The National Law Journal:

[snip]

"As for associates, 82 firms raised their highest rates, 15 decreased them and five maintained them. Seventy-four raised their lowest rates, eight decreased them and 20 kept them the same."

So what’s the likely impact on paralegal hourly billing rates? You tell me….

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