Time is money

The National Law Journal is just out with its annual survey of law firms' billing rates, and by big-city standards, Philly firms weren't wildly out of line. The top tickets nationally were Miami's Greenberg Traurig and L.A.'s Greenberg Glusker, whose priciest partners each bill $850 an hour. Top rate in Philly was the $645 an hour charged by at least one senior partner at Morgan, Lewis & Bockius. (The paper obtained the rate by scanning bankruptcy court filings.) The only other firm in the paper's vaunted $600 Club was Blank Rome, whose top billing was $600. Ceilings for other local firms: Ballard, Spahr, Andrews & Ingersoll ($575); Duane Morris ($565); Pepper Hamilton ($550); Saul Ewing ($505); and Stradley, Ronon, Stevens & Young and Cozen O'Connor (both $500).

At 15 seconds, the previous paragraph was worth about $2.69 to that Morgan Lewis senior partner. And to think you got the whole paper, plus store coupons, for a buck and a half.
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