Updated Service Firm Billing Rates

Now that there is a substantial difference in service firm labor rates based on staff skill the quoted Market Price no longer makes sense. Two potential suggestions:

  • Option 1: Change the displayed market rate for hourly billing from a fixed dollar amount ($225/Lawyers, $115/Programmers) to a dollar range. The lower end would be for a firm with low to moderate skill workers and the high end would be for firm with highly skilled workers.

    or

  • Option 2: Create segmented billing rates

    • Partner Hourly Fee: Highly skilled staff bill rate, Skill range ~75%-100%, ~2 to 3 times hourly rate for staff at skill level
    • Associate Hourly Fee: Experienced staff bill rate, Skill range ~50%-75%, ~2 to 3 times hourly rate for staff at skill level
    • Base Hourly Fee: Entry level staff bill rate, Skill range 0%-50%, ~2 to 3 times hourly rate for staff at skill level
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