2023 US Law Firm Hourly Rates Report:

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Dublin, Oct. 28, 2022 (GLOBE NEWSWIRE) — The Valeo 2023 Insurance Law Firm Hourly Rate Report has been added to from ResearchAndMarkets.com offer.

The 2023 Insurance Defense Law Firm Hourly Rate Report is the most comprehensive and detailed competitive intelligence and legal pricing tool available, as the report details average hourly rates by individual law firms as opposed to aggregated groupings of law firms with disparate pricing structures as found in surveys, peer services, and e-billing reports.

Insurance defense rates will remain flat in 2023 compared to 2022 or increase nominally for all businesses in this market due to 1) panel rates set by insurance companies 2) continued demand for legal work and 3) the routine nature of it. For insured work, rates will increase more substantially; according to the data in the report.

The publisher researches, reviews and analyzes hourly rates that are made public for attorneys and support staff at currently 1,800 law firms representing more than 12,000 client entities. A secondary search of public records is conducted to complete detailed engagement profiles of attorneys and companies involved.

Through this process, we are able to provide actionable data to our users – primarily law firms and corporations – of the online pricing platform to perform 1) direct comparisons between lawyers and law firms (as opposed to broad averages of a collection of rates from various firms as found in surveys or e-billing services) and 2) significant company-wide pricing and strategy decisions or engagement by commitment.

In the online pricing platform, all hourly rates, hours and fees for each individual lawyer are quoted according to the source. For example, citation of a court case includes: case name, case number, court, case filing date, case number, case description, attorney and support staff listed by full name, client’s name, each timekeeper’s hourly rate, hours billed, total number of hours and the period in which the work was performed. As mentioned, further secondary research is needed to confirm experience levels (years of graduation and licensure), state of the bar (in the United States), or country of law society (outside the United States), area(s) of practice, and client’s primary industry.

In order to provide this detailed level of clarity and transparency, Valeo seeks 1) public records from US State Courts, US Supreme Court, US Federal Courts – District, Appellate, Federal Circuit and Bankruptcy 2) publicly available budgets available from municipalities, districts (school, water, environmental and others), counties and states where attorneys have been hired to perform legal work for the public entity 3) records such as SEC filings and other publicly disclosed documents and 4) government business expenses.

Because the publisher searches, reviews, and analyzes only publicly available information and cites the source of the information, the United States federal and state court systems readily recognize and accept the validity and veracity of the data in court. .

The data has been used and cited in several hundred cases in federal and state courts across the United States, including the United States Supreme Court (Kirtsaeng v. John Wiley Publishing), federal district courts (Les United States v. Apple), appellate courts, including the Federal Circuit, federal bankruptcy (AMR Corporation, Chapter 11 bankruptcy cases) and adversarial proceedings and major state courts, primarily in California, Texas and At New York.

Main topics covered:

  • Summary
  • Section 1: Hourly Insurance Defense Rates by AMLAW Ranking
  • Section 2: Hourly insurance defense rates by individual firm and by city

Companies cited

  • Akin Gump Strauss Hauer & Feld LLP
  • Anderson kills PC
  • Arent Fox LLP
  • Armstrong Teasdale LLP
  • Arnold & Porter Kaye Scholer LLP
  • Bailey & Glasser LLP
  • Baker & Hostetler LLP
  • Baker Botts LLP
  • Baker McKenzie
  • Baker, Donelson, Bearman, Caldwell and Berkowitz, PC
  • Barnes & Thornburg LLP
  • Bates White LLC
  • Benesch, Friedlander, Coplan & Aronoff LLP
  • Bernstein, Shur, Sawyer and Nelson, Pennsylvania
  • Vide Rome LLP
  • Bracewell LLP
  • Bressler, Amery & Ross, CP
  • Brigard Urrutia Abogados SAS
  • Brownstein Hyatt Farber Schreck, LLP
  • Bryan Cave Leighton Paisner LLP
  • Buchanan Ingersoll & Rooney PC
  • Butler Weihmuller Katz Craig LLP
  • Clyde & Co LLP
  • Cole SchotzPC
  • Conyers Dill & Pearman Limited
  • Cooley LLP
  • Cozen O’Connor
  • Davis Graham & Stubbs LLP
  • Davis Polk & Wardwell LLP
  • Davis Wright Tremaine LLP
  • Dechert LLP
  • Denton
  • Dinsmore & Shohl LLP
  • DLA Piper LLP (USA)
  • Duane Morris LLP
  • Eccleston and Wolf, PC
  • Evershed Sutherland
  • Faegre Drinker Biddle & Reath LLP
  • Fisher & Phillips LLP
  • Foley & Lardner LLP
  • Foster Garvey PC
  • Fox Rothschild LLP
  • Fraser Stryker PC LLO
  • Fredrikson & Byron, Pennsylvania
  • Frost Brown Todd LLC
  • Gibson, Dunn & Crutcher LLP
  • Goodwin Procter LLP
  • Gordon Rees Scully Mansukhani, LLP
  • Greenberg Traurig LLP
  • Greensfelder, Hemker & Gale, CP
  • Gunster, Yoakley & Stewart, Pennsylvania
  • Hanson Bridgett LLP
  • Haynes and Boone, LLP
  • Hinshaw & Culbertson LLP
  • Hogan Lovells LLP
  • Holland & Hart LLP
  • Holland & Knight LLP
  • Hughes Hubbard & Reed LLP
  • Hunton Andrews Kurth LLP
  • Husch Blackwell LLP
  • Ice Miller srl
  • Jackson Kelly LLC
  • Jackson Lewis CP
  • Jackson Walker LLP
  • Jeffrey Leavell, SC
  • Jones Day
  • Jones Walker LLP
  • K&L Gates LLP
  • Kasowitz Benson Torres LLP
  • Kelley Drye & Warren LLP
  • Kilpatrick Townsend & Stockton LLP
  • King & Spalding LLP
  • Kirkland & Ellis LLP
  • Kramer Levin Naftalis & Frankel LLP
  • Latham & Watkins LLP
  • Lathrop GPM LLP
  • Lewis Brisbois Bisgaard & Smith LLP
  • Lewis Rice LLC
  • Liebert Cassidy Whitmore
  • Little Mendelson PC
  • Locke Lord LLP
  • PC Lowenstein Sandler
  • Maynard Cooper & Gale PC
  • McCarter & English, LLP
  • McCarthy Tetrault LLP
  • McDermott Will & Emery LLP
  • McDonald’s Hopkins LLC
  • McGuireWoods LLP
  • McKool Smith, PC
  • Meyers Nave, APC
  • Milbank LLP
  • Miller Barondess LLP
  • Modrall, Sperling, Roehl, Harris & Sisk, Pennsylvania
  • Morgan, Lewis & Bockius LLP
  • Morrison & Foerster LLP
  • Munger, Tolles & Olson LLP
  • Musick, Peeler & Garrett LLP
  • Nelson Mullins Riley & Scarborough LLP
  • Nexsen Pruet
  • Nixon Peabody LLP
  • Norton Rose Fulbright
  • Nossaman LLP
  • Ogletree, Deakins, Nash, Smoak & Stewart, CP
  • O’Melveny & Myers LLP
  • Paul Hastings LLP
  • Paul, Weiss, Rifkind, Wharton & Garrison LLP
  • Perkins Coie LLP
  • Phillips Lytle LLP
  • Pierce Atwood LLP
  • Pillsbury & Coleman, LLP
  • Pillsbury Winthrop Shaw Pittman LLP
  • Polsinelli PC
  • Preti, Flaherty, Beliveau & Pachios, Chartered, LLP
  • Procopio, Cory, Hargreaves & Savitch LLP
  • Proskauer Rose LLP
  • Quinn Emanuel Urquhart & Sullivan, LLP
  • Reed Smith LLP
  • Richards, Watson & Gershon, APC
  • Robinson & Cole LLP
  • Robinson, Bradshaw and Hinson, Pennsylvania
  • Strings and Grays LLP
  • Sainz Abogados, South Carolina
  • Santamarina y Steta, South Carolina
  • Saul Ewing Arnstein & Lehr LLP
  • Seyfarth Shaw LLP
  • SGR, LLC
  • Sheppard, Mullin, Richter & Hampton LLP
  • Sherman & Howard LLC
  • Shook, Hardy & Bacon LLP
  • Shutts & Bowen LLP
  • Sidley Austin LLP
  • Thresholds Cummis & Gross PC
  • Simpson Thacher & Bartlett LLP
  • Skadden, Arps, Slate, Meagher & Flom LLP
  • Slaughter and May
  • Snell & Wilmer LLP
  • Squire Patton Boggs
  • Stikeman Elliott LLP
  • Stinson LLP
  • Sullivan & Cromwell LLP
  • Susman Godfrey LLP
  • Thompson Coburn LLP
  • Tiffany & Bosco PA
  • Venable LLP
  • Vinson & Elkins LLP
  • Vorys, Sater, Seymour and Pease LLP
  • Waller Lansden Dortch & Davis LLP
  • Weil, Gotshal & Manges LLP
  • Wheeler Trigg O’Donnell LLP
  • White & Case srl
  • Whiteford, Taylor & Preston LLP
  • Wiley Price & Radulovich, LLP
  • Willcox & Savage, CP
  • Willkie Farr & Gallagher LLP
  • Wilmer Cutler Pickering Hale and Dorr LLP
  • Wood Smith Henning & Berman LLP
  • Wright, Finlay & Zak, LLP
  • Wyrick Robbins Yates & Ponton LLP

For more information about this report, visit https://www.researchandmarkets.com/r/p19ubl

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