A CEO leader for billionaire Tesla Elon Musk and New York Mayor Eric Eric Adams now has a standard billing rate of $ 3,000 per hour, placing it on the high rack even the most valuable lawyers of lawyers Manhattan.
Alex Spiro, known for his high profile clienttele and the style of ruthless court cases, is among a small group of lawyers in his legal firm that now bills the $ 3,000, according to a source known with practices of firm billing.
The Breath firm, 1,000-voque Quinn Emanuel Urquhart & Sullivan, discovered a series of new billing norms in court files in recent days. The source said the high degree applies to Breath and William Burck, the global partner of the co-managers.
The main rates for the most questioned lawyers in the US have increased a lot in recent years, with older partners regularly loading more than $ 2,000 and commands millions of dollars in annual salary.
Legal firms sometimes adapt to individual rates for customers or apply discounts. It was unclear how much breath or burck are loading special clients.
A spokesman for Los Angeles-i-founded Quinn Emanuel refused to comment. In addition to Musk and Adams, firm customers include the alphabet Google. In January, the Trump organization said it had hired Burck as a foreign ethics adviser. Spokesperson for Musk, Adams and companies did not immediately respond to comment requests.
Breath has represented Musk in several lawsuits, including defamation and shareholder cases and court cases raised by the Insurance and Exchange Commission. He did not respond immediately to a comment request.
Breath is currently defending Adams against criminal charges that the mayor took bribes from Turkish officials. Adams has accepted not guilty.
Burck, a long republican interior, has defended the former Trump Political Strategy Steve Bannon.
Increasing fees
Quinn Emanuel’s highest degree marks a historic moment for US legal firms as the tariffs per hour of lawyers continue to fly.
Legal firms routinely increase their rates each year, and higher rates in some of the largest US firms have postponed $ 2,500 per hour or higher in recent years, court records.
Quinn Emanuel said in her court files that her partners now bill between $ 1,860 and $ 3,000 an hour. He said he would charge between $ 1,775 and $ 2,725 per hour for “tips” in the firm, and between $ 1,035 and $ 1,665 for associates.
Increases in billing levels helped increase revenue and profits for US legal firms in 2024, Wells Fargo’s legal specialties said in a recent report.
Clients have been willing to accept “dramatic growth” in tariffs, according to a report last month by Thomson Reuters Institute and Georgetown Legal Center for ethics and legal profession. Institute and Reuters share the same parent company, Thomson Reuters.
Court data show that the main tariffs in Quinn Emanuel have increased about 34% since 2022, when partners billed up to $ 2,130 per hour.
Quinn Emanuel revealed last year that he earned more than $ 2 billion in 2023, according to the industry publication, the US lawyer.
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