Wednesday, August 22, 2007

Blue Chip Law Firm Hourly Rates Hit the "Vomit Point" - WSJ.com
One thousand dollars per hour? Here's the best line in the article: "We have viewed $1,000 an hour as a possible vomit point for clients," says a partner at a New York firm.

A few attorneys crossed into $1,000-per-hour billing before this year, but recent moves to the four-figure mark in New York, which sets trends for legal markets around the country, are seen as a significant turning point.

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