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Are Top Lawyers Really Billing At $800/hr?
Posted on 10/20/16 at 4:47 pm
Posted on 10/20/16 at 4:47 pm
I have a legal matter Im dealing with and my tax attorney referred to someone who is best suited for handling matters in regards to the petroleum marketing practices act and I got off the phone with him a little while ago and if he's going to take me on his billable hour is $800. Is this the real world? This is my first legal battle so Im not well versed on the hourly rates but my tax attorney is significantly less. What are realistic rates for commercial property attorneys in Texas?
9
Posted on 10/20/16 at 4:58 pm to dabigfella
"Top laywers"? Yeah. That much and plenty more. Usually they're partners at places like V&E, Skadden Arps, etc. and they handle billion-dollar deals.
A decent-to-great lawyer shouldn't be more than $400/hr.
A decent-to-great lawyer shouldn't be more than $400/hr.
Posted on 10/20/16 at 5:16 pm to dabigfella
Experienced lawyers (i.e. the white hairs) at big law firms in Texas bill between $600-$1,200/hr (possibly rare circumstances where they bill more) depending on the practice area and specialties. You could request the less experienced partner that bills $500/hour, but you'll pay for them to spend hours figuring out what Gandolf already knew. You might find the relevant expertise in a small firm for a fraction of the rate, but it may take you a while to locate them.
- 3rd yr associate in a Texas firm.
- 3rd yr associate in a Texas firm.
This post was edited on 10/20/16 at 5:20 pm
Posted on 10/20/16 at 5:20 pm to dabigfella
Top attorneys in NOLA bill at 800/hr? Bigger cities? More. I know several older men at large firms in Houston that are in the $1200 range, and in places like DC and NYC, $1500/hr is happening more and more.
But these are people working in huge deals with huge stakes on the line.
But these are people working in huge deals with huge stakes on the line.
Posted on 10/20/16 at 5:33 pm to dabigfella
How much will it cost you if you lose?
Posted on 10/20/16 at 7:04 pm to dabigfella
A really good one? Sure, I can believe it and in certain situations it could be a bargain.
If you have a complex case it can be a very good deal since someone less experienced will take longer to figure out what the top guy knows by heart ... and might still get it wrong.
The problem of course is that you have no idea what you're getting.
If you have a complex case it can be a very good deal since someone less experienced will take longer to figure out what the top guy knows by heart ... and might still get it wrong.
The problem of course is that you have no idea what you're getting.
Posted on 10/20/16 at 7:50 pm to dabigfella
Yes.
Posted on 10/21/16 at 10:44 am to dabigfella
My brother is an Intellectual Property lawyer and he bills more than $800/hr
Posted on 10/21/16 at 11:04 am to dabigfella
My opinion is based on if you think it will go to an actual courtroom/arbitration, or not. If this is something that will likely be settled, I would think $800/hr would be too high.
My experience is with my divorce attorney in Houston. He is very well known and because I know him personally, he cut me a "break," at $800/hr and had paperwork/filings done by a lower level attorney at his firm for $400/hr. He was worth every penny once we went to court and I would have been sorely disappointed in the lower level guy, if he was all I had in the courtroom.
Oh, and be prepared to put down a large amount up front to begin covering that hourly rate . . . an it will run out quick
My experience is with my divorce attorney in Houston. He is very well known and because I know him personally, he cut me a "break," at $800/hr and had paperwork/filings done by a lower level attorney at his firm for $400/hr. He was worth every penny once we went to court and I would have been sorely disappointed in the lower level guy, if he was all I had in the courtroom.
Oh, and be prepared to put down a large amount up front to begin covering that hourly rate . . . an it will run out quick
Posted on 10/24/16 at 11:08 am to dabigfella
quote:
Are Top Lawyers Really Billing At $800/hr? by dabigfella
No. They are billing at $1300/hr. But $800/hr should get you a very good lawyer. Also, the $800/hr lawyer will probably discount his rate if you press the issue.
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