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High end firms can easily be $800+/hr for attorneys. I believe Wilson Sonsini was $1200/hr for an attorney I was recommended.
by slap_shot 7y ago
High end firms can easily be $800+/hr for attorneys. I believe Wilson Sonsini was $1200/hr for an attorney I was recommended.
- gnicholas 7y agoTop partners were already at $1,200/hr when I left the law in 2014. They’re now hovering around $2,000/hr.
- m0zg 7y agoYou don't need a "top partner" for contract review.
- gnicholas 7y agoThat’s true. But for a big enough deal, you want partners to be reviewing — at least at a conceptual level — the way the deal is structured. I’ve seen agreements that were 99% good, but a problem in the other 1% made the whole thing worthless.
- staticautomatic 7y agoMost people who bill at those rates are no better than people who bill $300.
- wglb 7y agoI disagree. It is no more true in my mind than developers paid $200,000 per year are no better than developers who are paid $80,000.
- staticautomatic 7y agoIn my experience working as a consultant to probably 1000 lawyers over the last 10 years-- from solos to biglaw partners-- it's absolutely true. The most highly paid are not clustered at the far end of the skill/experience bell curve.
- m0zg 7y agoYou don't have to use $800+ attorneys. Most people use _no_ lawyers at all, and sign shit without reading. You aren't getting three times the lawyering for three times the price.
- manigandham 7y agoThat's high-end. Most of the time, all you need is a mid-level/independent lawyer that charges less than $400/hr or even bills on per-project basis. Cost also doesn't guarantee quality. You're paying for resources, specialization, general counsel that can delegate, and insurance against mistakes. Useful but only when you really need it.
- slap_shot 7y agoI wasn't asserting the validity or the necessity of attorney's at that price. I was simply saying that there is a market rate at that point for attorneys.