Aric Press writes in the Jan. 2013 American Lawyer at 134 about an analysis he did of law firm billing data from 37 substantial companies. CT TyMetrix provided the data and Aric explored various findings, such as total hours billed over a three year period and total external spending.
One finding that struck me was that $800-an-hour-and-up billings accounted for 179,768 hours during the first two quarters of 2012 out of a total of 2,796,077 hours. That means a bit more than six percent of all the hours...
