Header graphic for print
In Search of Perfect Client Service Why lawyers don't seem to get it

These hourly rates are breathtaking

Posted in Hourly Rates and Alternatives

Just read this:

MoFo, which submitted its first monthly fee statement earlier this week, is serving as special renewable energy counsel to the official committee of unsecured creditors. The firm is seeking $641,212 in compensation for work between April 29 and May 31.

MoFo’s attorneys billed more than 683 hours during that time period and charged a blended rate of $889 an hour.

Blended hourly rates of $889?  I couldn’t say that to a client with a straight face.