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….