Austin Texas Law Firm Hourly Rate Report 2022: Average Hourly Rates by Individual Law Firms

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Dublin, June 30, 2022 (GLOBE NEWSWIRE) -- The "Valeo 2022 Austin Texas Law Firm Hourly Rate Report" report has been added to ResearchAndMarkets.com's offering.

The Valeo 2022 Austin Texas Law Firm Hourly Rate report is the most comprehensive and detailed competitive intelligence and legal pricing tool available because the Report details average hourly rates by individual law firms as opposed to aggregate groupings of law firms with disparate pricing structures as is found in surveys, peer services and e-billing reports.

The report details the hourly rates by Position (Senior Partner, Partner, Counsel, Senior Associate, Associate and Support Staff) for 2019-2022 in all major practice areas for the largest law firms practicing there.

Law firms follow economic activity and few major markets match Austin, Texas and the State of Texas, in general, in terms of growth and opportunity. The Report details the rates of both the legacy Texas firms in Austin and the new entrants, mainly AMLAW 50 firms.

The publisher researches, reviews and analyzes hourly rates that are publicly disclosed of attorneys and support staff at currently 1,700 law firms representing over 12,000 client entities. Secondary public records research is performed to complete detailed engagement profiles of the attorneys and companies involved.

Through this process they are able to provide actionable data to users - mainly law firms and corporations - of the Valeo Online Pricing Platform 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 Online Pricing Platform, all hourly rates, hours, and fees for each individual attorney are cited as 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.

In order to provide this detailed level of clarity and transparency, Valeo 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.

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 Valeo data in court.

Valeo 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.

Key Topics Covered:

  1. Executive Summary

  2. Overall Rates by Firm Revenue Rankings

  3. Practice Area Rates by Firm Revenue Rankings

  4. Overall Rates by Individual Firms

  5. Practice Area Rates by Individual Firms

Companies Mentioned

  • Baker Botts LLP

  • Bracewell LLP

  • Clark Hill Strasburger

  • Duane Morris LLP

  • Dykema Cox Smith

  • Eversheds Sutherland

  • Faegre Drinker Biddle & Reath LLP

  • Fishman Jackson Ronquillo PLLC

  • Greenberg Traurig LLP

  • Haynes and Boone, LLP

  • Hayward PLLC

  • Hogan Lovells LLP

  • Holland & Knight LLP

  • Hunton Andrews Kurth LLP

  • Husch Blackwell LLP

  • Jackson Walker LLP

  • Kelly Hart & Hallman LLP

  • King & Spalding LLP

  • Michael Best & Friedrich LLP

  • Norton Rose Fulbright

  • Parkins Lee & Rubio LLP

  • Pillsbury & Coleman, LLP

  • Pirkey Barber PLLC

  • Reed Smith LLP

  • Reid Collins & Tsai LLP

  • Shearman & Sterling LLP

  • Spencer Fane LLP

  • Troutman Pepper Hamilton Sanders LLP

  • Vinson & Elkins LLP

  • Waller Lansden Dortch & Davis LLP

For more information about this report visit https://www.researchandmarkets.com/r/km3fb5

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