We want LI to be one of the friendliest places on the internet, where lawyers and law students help each other with their career related queries and occasionally discuss other stuff that might affect their lives too. In other words:
1. Be kind, respectful and helpful to each other.
2. Be bona fide, truthful, genuine and curious.
3. Assume the best intention of others.
Therefore, in using the site, you must agree to do your best to uphold these community guidelines.
Note that what you find here is written and moderated by anonymous people on the internet.
Therefore everything you read here is very likely unverified, rumour, speculation and/or downright false.
In continuing to read anything here, you must therefore agree not to take anything you read here as factual and that you will exercise due caution, diligence and common sense before acting on any information you may come across here.
You also agree to report any inaccurate or malicious comments with the buttons. Moderators take action within 24 hours, as required and appropriate under law.
Our full terms and conditions apply too.
Do you solemnly agree to all of the above?
And yes, hourly billing has been a common practice for a long time. Some firms have also developed their in-house software to keep track of the hours put in and maintain transparency with their clients.
Billing rates: https://infogram.com/web-i2210-billing-rates-4-grace-1hxj48pdnpxo52v
Hourly vs. Alternate billing: https://infogram.com/web-i2210-billing-rates-2-grace-1hmr6g7rypqqo6n
Source: India Law Firm Billing Rates 2022 | Law.asia
Let's make a list with the hourly rates charged by your law firm - Depending on Level - AO, SA - Partner, Practice Area - Gen Corp, Cap Marks or Firm name.
There are firms which have different modrls of billing models - % cut of the deal.
Let's see which firms are the most competitive in this aspect. Numbers don't have to be perfectly accurate - a range is more than enough.