London Law Firm Hourly Rate Report 2024 Now Available: Breakdown by Principal Litigation and Transactional Practice Areas by Position

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Feb 05, 2024, 18:00 ET

DUBLIN, Feb. 5, 2024 /PRNewswire/ -- The "Valeo 2024 London Law Firm Hourly Rate Report" report has been added to ResearchAndMarkets.com's offering.

The 2024 London Law Firm Hourly Rate Report details the average hourly rates by Position (Senior Partner - 25 years or more since graduation year, Partner - 24 years or less, Counsel, Senior Associate - 5 years or more, and Associate - 4 years or less) of the major law firms practicing in London by principal litigation and transactional practice areas. The rate data and related details of this Report were taken directly from the Valeo Attorney Hourly Rate and LPM Pricing Platform.

Key Topics Covered:

Research and Reporting Methodology
Section 1: UK Firms
Section 2: US Firms

Companies Mentioned

Addleshaw Goddard LLP
Advokatfirmaet Thommessen AS
Akin Gump Strauss Hauer & Feld LLP
Allen & Overy LLP
Arnold & Porter Kaye Scholer LLP
Ashurst LLP
Brown Rudnick LLP
Cleary Gottlieb Steen & Hamilton LLP
Clifford Chance LLP
Clyde & Co LLP
CMS Cameron McKenna Nabarro Olswang LLP
Conyers Dill & Pearman Limited
Cooley LLP
Covington & Burling LLP
Cravath, Swaine & Moore, LLP
Davis Polk & Wardwell LLP
Dechert LLP
DLA Piper LLP (US)
DWF Group plc
Eversheds Sutherland
Fox Rothschild LLP
Freshfields Bruckhaus Deringer
Goodwin Procter LLP
Haynes and Boone, LLP
Herbert Smith Freehills
Ince Gordon Dadds LLP
Irwin Mitchell LLP
King & Spalding LLP
Kirkland & Ellis LLP
Latham & Watkins LLP
Linklaters LLP
Locke Lord LLP
McDermott Will & Emery LLP
Milbank LLP
Morrison & Foerster LLP
Nixon Peabody LLP
Norton Rose Fulbright
Pallas Partners LLP
Paul Hastings LLP
Paul, Weiss, Rifkind, Wharton & Garrison LLP
Pillsbury Winthrop Shaw Pittman LLP
Pinsent Masons LLP
Quinn Emanuel Urquhart & Sullivan, LLP
Reed Smith LLP
Ropes & Gray LLP
Schulte Roth & Zabel LLP
Shearman & Sterling LLP
Sidley Austin LLP
Simpson Thacher & Bartlett LLP
Skadden, Arps, Slate, Meagher & Flom LLP
Slaughter and May
Steptoe & Johnson LLP
Sullivan & Cromwell LLP
Taylor Wessing LLP
Watson Farley & Williams LLP
Weil, Gotshal & Manges LLP
White & Case LLP
William Fry LLP
Willkie Farr & Gallagher LLP
Winston & Strawn LLP

Research and Reporting Methodology

The publisher researches, reviews and analyzes hourly rates that are publicly disclosed of attorneys and support staff at currently 2,500 law firms representing over 20,000 companies. Secondary public records research is performed to complete detailed engagement profiles of the attorneys and companies involved.

Through this process we are able to provide actionable data to our user community - large law firms, corporations and consulting firms to make 1) direct comparisons between attorneys and firms (as opposed to general averages of a collection of various firms' rates as found in surveys or e-billing services) and 2) important pricing and strategy decisions enterprise-wide or engagement-by-engagement.

In the Attorney Hourly Rates and LPM Pricing Platform, all hourly rates, hours and fees for each individual attorney are cited as to the source. For example, the citation for a court filing includes: case name, case number, court, case filing date, filing number, filing description, attorney and support staff listed by full name, client name, hourly rate of each timekeeper, hours billed, total hours and the time period in which the work was performed. As mentioned, further secondary research is required to confirm experience levels (graduation and bar licensure years), bar state (in the United States) or bar country (outside of the United States), practice area(s) and primary industry of the client.

All data for the Valeo Analytical Reports is downloaded from the Platform and rates are listed as Average Billed Rates by Firm, Position (Senior Partner, Partner, Counsel, Senior Associate, Associate and Support Staff), Practice(s) and Rate Year.

In order to provide this detailed level of clarity and transparency, the publisher researches 1) public records in US State Courts, US Supreme Court, US Federal Courts - District, Appellate, Federal Circuit and Bankruptcy 2) publicly available budgets from municipalities, districts (school, water, environmental and others), counties and states where attorneys were hired to perform legal work for the public entity 3) registrations such SEC records and other publicly disclosed documents and 4) government affairs fees.

The practice of law is global and although most hourly rate data is from public sources in the United States, the publisher captures hourly rates for attorneys in 62 countries and denominated in 11 currencies.

Since the publisher researches, reviews and analyzes only publicly available information and cites the source of the information, the United States federal and state court systems easily recognize and accept the validity and veracity of the data in court. the data has been used and cited in several hundred United States federal and state court cases including the Supreme Court of the United States (Kirtsaeng v. John Wiley Publishing), Federal District Courts (The United States v. Apple), Appellate Courts including the Federal Circuit, Federal Bankruptcy (AMR Corporation, Chapter 11 bankruptcy case) and Adversary proceedings and major state courts mainly in California, Texas and New York.

For more information about this report visit https://www.researchandmarkets.com/r/td2zub

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