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Pressure in pounds

It will only be a matter of time before most firms move away from charging based on hourly rates. Trying to justify NQ rates at £250 in this market is very difficult, especially when dealing with international clients in 'cheaper' jurisdictions. Incidentally, I can't believe that the average five year PQE rate is as stated. Try £450 for the magic circle and not much less for those outside it. Anyone paying £250 for a lawyer with 5 years' experience is getting a bargain.

21-Sep-2009

6:14 pm