Billing rates drop by a third in Magic Circle

MAGIC CIRCLE firms have seen partner hourly billing rates drop by a third, according to a recent survey, The Lawyer reports. The survey, undertaken by costs lawyer Jim Diamond, found that over the last year average Magic Circle partner billing rates have dropped from £680 ($1278) per hour to £450. Average partner billing rates at other London firms have also dropped 15 per cent over the last year to £375 an hour.

This content is available exclusively to Lawyers Weekly premium members.

Become a Member Log in to your Premium Account

Become a Premium Member for unlimited access to exclusive content.

INDIVIDUAL

Yearly

$ 49.00

per year

SUBSCRIBE NOW

INDIVIDUAL

Monthly

$ 5.00

per month

SUBSCRIBE NOW

Learn more about Premium Benefits and other offers

Username or Email

Password Forgot password?

Keep me signed in on this device.

If you check this box before you log in, you won’t have to log back into the website next time you return, even if you close your browser and come back later.

If you check the box above before you log in, you won’t have to log back into the website next time you return, even if you close your browser and come back later.

---

or

---

Login with a Passkey