The Valeo 2024 Early Indicators Law Firm Hourly Rate Report details the average hourly rates by Position (Senior Partner - 25 years or more since graduation year, Partner - 24 years and less, Counsel, Senior Associate - 5 years or more and Associate - 4 years and less) of law firms in the AMLAW 200, non-AMLAW and Magic Circle by overall and individual practice areas (litigation and transactional). The Report gives users real-time insight into the first rate changes of 2024 versus 2023. The rate data and related details of this Report were taken directly from the Valeo Attorney Hourly Rate and LPM Pricing Platform.
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 Valeo 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 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.
Table of Contents
Valeo 2024 Early Indicators Law Firm Hourly Rate Report
Valeo Research and Reporting Methodology
Section-1: Rates by AMLAW Groups
- AMLAW 1-10
- Overall
- Practice Areas
- Antitrust
- Commercial Litigation
- Corporate/Corporate Transactions & Securities
- Patent
- Supreme Court & Appellate
- AMLAW 1-25
- Overall
- Practice Areas
- Antitrust
- Commercial Litigation
- Corporate/Corporate Transactions & Securities
- Patent
- Public Sector Bond Counsel
- Public Sector Financial Counsel
- Supreme Court & Appellate
- Tax
- AMLAW 1-50
- Overall
- Practice Areas
- Antitrust
- Commercial Litigation
- Corporate/Corporate Transactions & Securities
- Employee Benefits
- Fiduciary
- Investment Management
- Patent
- Private Equity
- Public Sector Bond Counsel
- Public Sector Financial Counsel
- Public Sector Pensions Counsel
- Public Sector Retirement Plans Counsel
- Supreme Court & Appellate
- Tax
- AMLAW 51-100
- Overall
- Practice Areas
- Capital Markets
- Commercial Litigation
- Construction
- Copyright
- Corporate/Corporate Transactions & Securities
- Electronic Discovery
- Finance
- General Liability
- Government Contracts
- Investment Management
- Labor & Employment
- Mergers & Acquisitions
- Real Estate
- Tax
- AMLAW 1-100
- Overall
- Practice Areas
- Antitrust
- Capital Markets
- Commercial Litigation
- Construction
- Copyright
- Corporate/Corporate Transactions & Securities
- Electronic Discovery
- Employee Benefits
- Fiduciary
- Finance
- General Liability
- Government Contracts
- Investment Management
- Labor & Employment
- Mergers & Acquisitions
- Patent
- Private Equity
- Public Sector Bond Counsel
- Public Sector Financial Counsel
- Public Sector Pensions Counsel
- Public Sector Retirement Plans Counsel
- Real Estate
- Supreme Court & Appellate
- Tax
- AMLAW 101-200
- Overall
- Practice Areas
- Arbitration/Mediation
- Capital Markets
- Class Action
- Commercial Litigation
- Contracts
- Corporate/Corporate Transactions & Securities
- Electronic Discovery
- Employee Benefits
- Energy
- Environmental
- Finance
- Intellectual Property
- International Trade
- Investment Management
- Labor & Employment
- Maritime
- Mergers & Acquisitions
- Patent Prosecution
- Public Sector Benefits Counsel
- Public Sector Litigation Counsel
- Public Sector Public Agencies Counsel
- Public Sector Transportation Counsel
- Real Estate
- Regulatory
- Securities
- Tax
- Technical Support
- Trademark
- Water
- AMLAW 200
- Overall
- Practice Areas
- Antitrust
- Arbitration/Mediation
- Capital Markets
- Class Action
- Commercial Litigation
- Construction
- Contracts
- Copyright
- Corporate/Corporate Transactions & Securities
- Electronic Discovery
- Employee Benefits
- Energy
- Environmental
- Fiduciary
- Finance
- General Liability
- Government Contracts
- Intellectual Property
- International Trade
- Investment Management
- Labor & Employment
- Maritime
- Mergers & Acquisitions
- Patent
- Patent Prosecution
- Private Equity
- Public Sector Benefits Counsel
- Public Sector Bond Counsel
- Public Sector Financial Counsel
- Public Sector Litigation Counsel
- Public Sector Pensions Counsel
- Public Sector Public Agencies Counsel
- Public Sector Retirement Plans Counsel
- Public Sector Transportation Counsel
- Real Estate
- Regulatory
- Securities
- Supreme Court & Appellate
- Tax
- Technical Support
- Trademark
- Water
- Non-AMLAW
- Overall
- Practice Areas
- Administrative
- Administrative Support
- Case Management
- Commercial Litigation
- Communications
- Construction
- Corporate/Corporate Transactions & Securities
- Electronic Discovery
- Eminent Domain/Inverse Condemnation
- Energy
- Environmental
- Equities
- Finance
- Government Affairs/Government Relations
- Human Resources/Personnel
- Infrastructure
- Insurance
- Labor & Employment
- Land Use, Zoning, & Development
- Mergers & Acquisitions
- Practice Development
- Project Management
- Public Sector Environmental & Land Use Counsel
- Public Sector General Counsel
- Public Sector Healthcare Counsel
- Public Sector Labor Counsel
- Public Sector Litigation Counsel
- Public Sector Municipal Counsel
- Public Sector Pensions Counsel
- Public Sector Procurement Counsel
- Public Sector Project Finance Counsel
- Public Sector Public Agencies Counsel
- Public Sector Public Lands Counsel
- Public Sector Public Works
- Public Sector Public-Private Partnerships
- Public Sector Retirement Plans Counsel
- Real Estate
- Tax
- Technical Support
- Transactional
- Water
Section-2: Rates by Individual Firms
- #1 Kirkland & Ellis LLP
- Overall
- #2 Latham & Watkins LLP
- Overall
- #3 DLA Piper LLP (US)
- Overall
- Practice Areas
- Commercial Litigation
- Corporate/Corporate Transactions & Securities
- #7 White & Case LLP
- Overall
- #8 Morgan, Lewis & Bockius LLP
- Overall
- Practice Areas
- Patent
- #9 Gibson, Dunn & Crutcher LLP
- Overall
- Practice Areas
- Antitrust
- Commercial Litigation
- Supreme Court & Appellate
- #10 Ropes & Gray LLP
- Overall
- #12 Hogan Lovells LLP
- Overall
- #13 Goodwin Procter LLP
- Overall
- #14 Greenberg Traurig LLP
- Overall
- Practice Areas
- Commercial Litigation
- Public Sector Bond Counsel
- Public Sector Financial Counsel
- Tax
- #16 Norton Rose Fulbright
- Overall
- #20 Davis Polk & Wardwell LLP
- Overall
- #21 McDermott Will & Emery LLP
- Overall
- #23 Weil, Gotshal & Manges LLP
- Overall
- #24 Sullivan & Cromwell LLP
- Overall
- #25 Paul Hastings LLP
- Overall
- #29 Reed Smith LLP
- Overall
- Practice Areas
- Employee Benefits
- Fiduciary
- Investment Management
- Private Equity
- Public Sector Pensions Counsel
- Public Sector Retirement Plans Counsel
- #33 Wilson Sonsini Goodrich & Rosati, PC
- Overall
- #36 Dechert LLP
- Overall
- #37 Milbank LLP
- Overall
- #38 Morrison & Foerster LLP
- Overall
- #40 Akin Gump Strauss Hauer & Feld LLP
- Overall
- #45 Troutman Pepper Hamilton Sanders LLP
- Overall
- #47 Alston & Bird LLP
- Overall
- #48 Sheppard, Mullin, Richter & Hampton LLP
- Overall
- Practice Areas
- Commercial Litigation
- Corporate/Corporate Transactions & Securities
- #51 Wachtell, Lipton, Rosen & Katz
- Overall
- Practice Areas
- Corporate/Corporate Transactions & Securities
- Real Estate
- Tax
- #54 Faegre Drinker Biddle & Reath LLP
- Overall
- Practice Areas
- Capital Markets
- Copyright
- Corporate/Corporate Transactions & Securities
- Finance
- Investment Management
- Real Estate
- #57 Vinson & Elkins LLP
- Overall
- #59 Baker & Hostetler LLP
- Overall
- Practice Areas
- Mergers & Acquisitions
- #60 Seyfarth Shaw LLP
- Overall
- Practice Areas
- Commercial Litigation
- Construction
- Electronic Discovery
- Government Contracts
- Labor & Employment
- #65 Pillsbury Winthrop Shaw Pittman LLP
- Overall
- #66 Fenwick & West LLP
- Overall
- #67 Katten Muchin Rosenman LLP
- Overall
- Practice Areas
- Commercial Litigation
- Corporate/Corporate Transactions & Securities
- #70 Lewis Brisbois Bisgaard & Smith LLP
- Overall
- Practice Areas
- Commercial Litigation
- General Liability
- #71 Fox Rothschild LLP
- Overall
- #72 Littler Mendelson P.C.
- Overall
- #74 Cozen O'Connor
- Overall
- #78 Crowell & Moring LLP
- Overall
- Practice Areas
- Commercial Litigation
- Government Contracts
- #87 Womble Bond Dickinson (US) LLP
- Overall
- Practice Areas
- Commercial Litigation
- #93 Jenner & Block LLP
- Overall
- #94 Schulte Roth & Zabel LLP
- Overall
- #99 Lowenstein Sandler PC
- Overall
- #102 Kramer Levin Naftalis & Frankel LLP
- Overall
- #105 Loeb & Loeb LLP
- Overall
- Practice Areas
- Arbitration/Mediation
- Securities
- Tax
- #116 Dickinson Wright PLLC
- Overall
- #117 Munger, Tolles & Olson LLP
- Overall
- Practice Areas
- Commercial Litigation
- Corporate/Corporate Transactions & Securities
- Securities
- Technical Support
- #121 Bracewell LLP
- Overall
- Practice Areas
- Commercial Litigation
- Corporate/Corporate Transactions & Securities
- Energy
- Intellectual Property
- #122 Foley Hoag LLP
- Overall
- Practice Areas
- Capital Markets
- Commercial Litigation
- Corporate/Corporate Transactions & Securities
- Labor & Employment
- Patent Prosecution
- Technical Support
- #124 Kutak Rock LLP
- Overall
- #126 Vedder Price P.C.
- Overall
- #134 Brownstein Hyatt Farber Schreck, LLP
- Overall
- #139 Thompson Coburn LLP
- Overall
- Practice Areas
- Environmental
- International Trade
- Maritime
- #140 Brown Rudnick LLP
- Overall
- Practice Areas
- Trademark
- #141 Thompson Hine LLP
- Overall
- #143 Ice Miller LLP
- Overall
- Practice Areas
- Corporate/Corporate Transactions & Securities
- Employee Benefits
- Finance
- Investment Management
- Mergers & Acquisitions
- Public Sector Benefits Counsel
- Tax
- #147 Benesch, Friedlander, Coplan & Aronoff LLP
- Overall
- Practice Areas
- Commercial Litigation
- #150 Kelley Drye & Warren LLP
- Overall
- Practice Areas
- Commercial Litigation
- Contracts
- Environmental
- #151 Spencer Fane LLP
- Overall
- #154 Burr & Forman LLP
- Overall
- Practice Areas
- Commercial Litigation
- Electronic Discovery
- Finance
- #180 GrayRobinson, P.A.
- Overall
- Practice Areas
- Commercial Litigation
- Regulatory
- #186 Hanson Bridgett LLP
- Overall
- Practice Areas
- Class Action
- Commercial Litigation
- Employee Benefits
- Labor & Employment
- Public Sector Litigation Counsel
- Public Sector Public Agencies Counsel
- Public Sector Transportation Counsel
- #194 Atkinson, Andelson, Loya, Ruud & Romo
- Overall
- Practice Areas
- Public Sector Litigation Counsel
- Technical Support
- Water
- #195 Herrick Feinstein LLP
- Overall
- Practice Areas
- Corporate/Corporate Transactions & Securities
- Real Estate
- Aleshire & Wynder, LLP
- Overall
- AlixPartners LLP
- Overall
- Alvarez & Marsal LLC
- Overall
- Best Best & Krieger LLP
- Overall
- Boutin Jones Inc.
- Overall
- Burke, Williams & Sorensen, LLP
- Overall
- Bush Ross, P.A.
- Overall
- Cairncross & Hempelmann, P.S.
- Overall
- Practice Areas
- Real Estate
- Caplin & Drysdale, Chartered
- Overall
- Practice Areas
- Commercial Litigation
- Chipman Brown Cicero & Cole, LLP
- Overall
- Cole Huber LLP
- Overall
- Practice Areas
- Public Sector Municipal Counsel
- Davidoff Hutcher & Citron LLP
- Overall
- Practice Areas
- Administrative
- Downey Brand LLP
- Overall
- Practice Areas
- Commercial Litigation
- Environmental
- Land Use, Zoning, & Development
- Public Sector Environmental & Land Use Counsel
- Public Sector Litigation Counsel
- Duncan, Weinberg, Genzer & Pembroke, P.C
- Overall
- Practice Areas
- Energy
- Epiq Systems, Inc. - Epiq Corporate Restructuring, LLC
- Overall
- Practice Areas
- Administrative Support
- Case Management
- Practice Development
- Project Management
- Fagen Friedman & Fulfrost LLP
- Overall
- Practice Areas
- Communications
- Technical Support
- Gilbert LLP
- Overall
- Godfrey & Kahn, S.C.
- Overall
- Goodmans, LLP
- Overall
- Gray Reed
- Overall
- Harney Westwood & Riegels LP
- Overall
- Hayward PLLC
- Overall
- Hogan McDaniel
- Overall
- Hunt, Ortmann, Palffy, Nieves, Darling & Mah, Inc.
- Overall
- Practice Areas
- Commercial Litigation
- Construction
- Ivey, McClellan, Siegmund, Brumbaugh & McDonough, LLP
- Overall
- Practice Areas
- Commercial Litigation
- Keller Benvenutti Kim LLP
- Overall
- Practice Areas
- Commercial Litigation
- KPMG International Limited
- Overall
- KTBS Law LLP
- Overall
- Landis Rath & Cobb LLP
- Overall
- Levene, Neale, Bender, Yoo & Golubchik L.L.P.
- Overall
- Practice Areas
- Commercial Litigation
- Liebert Cassidy Whitmore
- Overall
- Practice Areas
- Electronic Discovery
- Human Resources/Personnel
- Labor & Employment
- Public Sector Labor Counsel
- Lozano Smith
- Overall
- Massey & Gail LLP
- Overall
- Practice Areas
- Case Management
- Commercial Litigation
- McDonald Hopkins LLC
- Overall
- Meyers Nave, APC
- Overall
- Practice Areas
- Commercial Litigation
- Environmental
- Land Use, Zoning, & Development
- Public Sector General Counsel
- Public Sector Litigation Counsel
- Public Sector Municipal Counsel
- Real Estate
- Morris James LLP
- Overall
- Morris, Nichols, Arsht & Tunnell LLP
- Overall
- Neubert, Pepe & Monteith, P.C.
- Overall
- Nossaman LLP
- Overall
- Practice Areas
- Commercial Litigation
- Corporate/Corporate Transactions & Securities
- Eminent Domain/Inverse Condemnation
- Environmental
- Finance
- Infrastructure
- Public Sector General Counsel
- Public Sector Pensions Counsel
- Public Sector Procurement Counsel
- Public Sector Project Finance Counsel
- Public Sector Public Agencies Counsel
- Public Sector Public Works
- Public Sector Public-Private Partnerships
- Real Estate
- Tax
- Transactional
- Water
- Osborn Maledon, P.A.
- Overall
- Pachulski Stang Ziehl & Jones LLP
- Overall
- Practice Areas
- Case Management
- Commercial Litigation
- Corporate/Corporate Transactions & Securities
- Equities
- Mergers & Acquisitions
- Real Estate
- Pallas Partners LLP
- Overall
- Practice Areas
- Commercial Litigation
- Finance
- Parkins & Rubio LLP
- Overall
- Reid Collins & Tsai LLP
- Overall
- Remy Moose Manley, LLP
- Overall
- Practice Areas
- Environmental
- Land Use, Zoning, & Development
- Public Sector Environmental & Land Use Counsel
- Richards, Watson & Gershon, APC
- Overall
- Practice Areas
- Public Sector Municipal Counsel
- Public Sector Public Agencies Counsel
- Saltzman & Johnson Law Corporation
- Overall
- Practice Areas
- Public Sector Retirement Plans Counsel
- Sherman, Silverstein, Kohl, Rose & Podolsky, P.A.
- Overall
- Stutzman, Bromberg, Esserman & Plifka, P.C.
- Overall
- Practice Areas
- Commercial Litigation
- Corporate/Corporate Transactions & Securities
- The Sohagi Law Group, PLC
- Overall
- Practice Areas
- Environmental
- Public Sector Public Lands Counsel
- Thompson Coburn Hahn & Hessen LLP
- Overall
- Weintraub Tobin Chediak Coleman Grodin Law Corporation
- Overall
- Practice Areas
- Commercial Litigation
- Labor & Employment
- White Brenner LLP
- Overall
- Practice Areas
- Government Affairs/Government Relations
- Public Sector Healthcare Counsel
- Public Sector Labor Counsel
- Public Sector Litigation Counsel
- Public Sector Municipal Counsel
- Water
- Wick Phillips Gould & Martin LLP
- Overall
- Practice Areas
- Commercial Litigation
- Insurance
- Real Estate
- Young Conaway Stargatt & Taylor LLP
- Overall
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Companies Mentioned
- Akin Gump Strauss Hauer & Feld LLP
- Alston & Bird LLP
- Atkinson, Andelson, Loya, Ruud & Romo
- Baker & Hostetler LLP
- Benesch, Friedlander, Coplan & Aronoff LLP
- Bracewell LLP
- Brown Rudnick LLP
- Brownstein Hyatt Farber Schreck, LLP
- Burr & Forman LLP
- Cozen O'Connor
- Crowell & Moring LLP
- Davis Polk & Wardwell LLP
- Dechert LLP
- Dickinson Wright PLLC
- DLA Piper LLP (US)
- Faegre Drinker Biddle & Reath LLP
- Fenwick & West LLP
- Foley Hoag LLP
- Fox Rothschild LLP
- Gibson, Dunn & Crutcher LLP
- Goodwin Procter LLP
- GrayRobinson, P.A.
- Greenberg Traurig LLP
- Hanson Bridgett LLP
- Herrick Feinstein LLP
- Hogan Lovells LLP
- Ice Miller LLP
- Jenner & Block LLP
- Katten Muchin Rosenman LLP
- Kelley Drye & Warren LLP
- Kirkland & Ellis LLP
- Kramer Levin Naftalis & Frankel LLP
- Kutak Rock LLP
- Latham & Watkins LLP
- Lewis Brisbois Bisgaard & Smith LLP
- Littler Mendelson P.C.
- Loeb & Loeb LLP
- Lowenstein Sandler PC
- McDermott Will & Emery LLP
- Milbank LLP
- Morgan, Lewis & Bockius LLP
- Morrison & Foerster LLP
- Munger, Tolles & Olson LLP
- Norton Rose Fulbright
- Paul Hastings LLP
- Pillsbury Winthrop Shaw Pittman LLP
- Reed Smith LLP
- Ropes & Gray LLP
- Schulte Roth & Zabel LLP
- Seyfarth Shaw LLP
- Sheppard, Mullin, Richter & Hampton LLP
- Spencer Fane LLP
- Sullivan & Cromwell LLP
- Thompson Coburn LLP
- Thompson Hine LLP
- Troutman Pepper Hamilton Sanders LLP
- Vedder Price P.C.
- Vinson & Elkins LLP
- Wachtell, Lipton, Rosen & Katz
- Weil, Gotshal & Manges LLP
- White & Case LLP
- Wilson Sonsini Goodrich & Rosati, PC
- Womble Bond Dickinson (US) LLP
