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Rock-Star Law Firms Are Billing Up to $2,500 per Hour. Clients Are Indignant.
Keywords: Us Law Firms Billing $2500 An Hour 2024,
It was Doctors, the Bankers, Consultants, now it is Law Firms imposing outrageous costs on the economy. Law firms indirectly adding to the cost of doing business with outrageous per hour rates ($2500 per hour?), costs sure to be transferred to consumers and buyers in today's Cost of Living crisis. Another instance of price gouging in a different context that pushes up costs and prices, something Harris talked about in the debate.
There is a 30% jump in lawyer fees from $190,000 to $250,000, for junior associates since 2018. It is just not sustainable. Part of the problem is hourly rates and companies such as Shell are looking for alternative arrangements- ones that make the final costs predictable and transparent.
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