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How Do You Set Your Hourly Rates?

You're a new lawyer, launching a new law firm. How do you decide what your hourly rate will be? The ethics rules say that your rate must be "reasonable." That doesn’t give you much to go on. You know your rate should be a fair price for the quality of your work, and that it should be competitive with other attorneys in the same type of practice in your community. But can you find out what they charge?

Originally published February 15, 2012
Last updated May 11, 2020
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