Hourly Rate Surveys
Custom Hourly Rate Surveys
Hourly rates are the engine that drive attorney fees. Hourly rates are the most important factor in determining attorney fee awards. As such, establishing the prevailing hourly rate is paramount to any claim on attorney fees. But an attorney's hourly rate is not the same as the prevailing hourly rate, an aggregated numerical value.
NALFA conducts custom hourly rate surveys for law firms, corporate legal departments, and government agencies. Our hourly rate surveys provide our clients with accurate and authoritative information on prevailing hourly rates within a given geography market and/or practice area(s). Indeed, our hourly rates surveys have been cited by litigators in court documents and referenced by court adjuncts in court proceedings. Our surveys can also be used for internal purposes.
Hourly Rate Factors
There are several factors that determine prevailing market hourly rates. These quantitative variables include, but are not limited to:
- Geography / Jurisdiction (i.e. Oklahoma City vs. New York City)
- Years in Practice / Position Title (i.e. Associate vs. Partner)
- Practice Area / Complexity of Matter (i.e. Insurance Defense vs. Antitrust Litigation)
- Law Firm Size (i.e. Solo Practitioner vs. 300+ Attorney Law Firm)
These four hourly rate factors have significant impact on hourly rates. These factors are known as the primary variables and should be a part of any hourly rate survey.
Each survey is custom design to meet the needs of the client. We work closely with the client on all aspects of the hourly rate survey. Once we understand the clients needs, we will prepare a survey proposal. Our proposal will include a step by step guide to the hourly rate survey. Our flat-fee cost depends on the size and scope of the survey. All client information is kept in strict confidence.
Survey Process & Methodology
Our hourly rate surveys are conducted via electronic mail. Generally, Our survey process passes through the following stages:
- Survey Questions / Survey Design
- Sample Size
- Survey Launch
- Survey Results & Report
The client has the ultimate authority over the survey questions and survey design. NALFA begins the survey process by accumulating a sample size of attorneys. This is done through proprietary methods. Once we have a large enough sample size, the email survey can begin. The email survey is conducted over several days. We keep the client apprised of the surveys' progress. In order to increase survey participation, we offer the survey participants certain benefits such obtaining the survey results. We can also offer other benefits such as discounts on our CLE programs and free on-demand programs. Once we have reached a certain threshold, we conclude the survey and begin to tabulate the results.
Work Product: Survey Results & Report
At the conclusion of the survey, NALFA will prepare the survey results and report. The survey results will include the raw data of the survey. The survey report a detailed narrative of the survey process and methodology. Our survey report will not draw survey conclusions or findings. Throughout the entire survey process, NALFA respects the privacy of survey participants and will never disclose the names of individuals or law firms.