That's what Alex Spiro is charging at Quinn Emanuel. Per Reuters:
Quinn Emanuel's $3,000 top rate marks a milestone for leading U.S. law firms as lawyers' hourly fees continue to soar.Law firms routinely raise their rates each year, and top rates at some of the largest U.S. firms have pushed past $2,500 an hour or higher in recent years, court records show.
Quinn Emanuel said in its court filings that its partners now bill between $1,860 and $3,000 an hour. It said it will charge between $1,775 and $2,725 an hour for “of counsel” attorneys at the firm, and between $1,035 and $1,665 for associates.
Billing rate increases helped drive growing revenue and profits for U.S. law firms in 2024, Wells Fargo's Legal Specialty Group said in a recent report.
Clients have been willing to accept “dramatic increases” in rates, according to a report last month by the Thomson Reuters Institute and the Georgetown Law Center on Ethics and the Legal Profession. The institute and Reuters share the same parent company, Thomson Reuters.
While you think of that, you may need a moment of zen. So I give you Billy Joel:
8 comments:
The appropriate song for this post is "Take The Money And Run" by The Steve Miller Band.
Talk about sticker shock!
3,000 per hour is about what a successful PIP lawyer or middling PI lawyer earn.
Explains why some folks are not concerned with the price of eggs.
Spiro is a dishonest piece of shit. He’d break any rule (and as many laws as needed) to get his client off. He corrupts our system. He corrupted a case I was on and another involving a former client. I’ve been a defense lawyer for over 30 years and I’ve never seen a defense lawyer as dishonest.
I wonder what Mayor Francis Suarez's hourly rate is....
Plenty of Lawyers charging $50k to plea down a client.
What’s the hourly rate then?
Even if a crappy defense attorney spent 20 hours, between client intake, case evaluation, wasting time with prosecutor, review of charging document, even a cursory discovery/evidence review, sentencing guidelines review, and actual plea discussions, the rate would only be $2,500 an hour... and honestly... clients and family are gonna require more than 20 hours time... or am I just naive and being a fool? (rhetorical) :)
Post a Comment