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:
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