Is your law firm charging $733 per hour? Law firm billing rates are up in all firm sizes -- especially at “top of the market” megafirms. Fees at megafims have reached stratospheric levels, such as $1,500 per hour for a BigLaw senior partner handling bet-the-company matters, or an average of $724 per hour for a senior partner at a firm with 400+ lawyers, according to the new Billing Rate Reference 2014 by Law360 and BTI Consulting Group Inc.

For a detailed discussion, see my article Billing Rates Up 4%, But So Are Discounts on the LexisNexis Business of Law Blog.