Wilmer's Billing Snapshot
- Matthew Huisman
- The National Law Journal
A recent article in The National Law Journal highlighted patent litigation billing rates in the legal industry. The article discusses fee discrepancies and considers the value of high-quality work in setting legal fees.
Michael Ray highlights the trend of law firms offering discounts to clients. “In-house corporate attorneys have an easier time justifying the cost of outside counsel when a discount is tacked on,” he says. However, he maintains a firm stance on Sterne Kessler’s billing policies. “We don't play the crank your rates up and slash them with discounts….We have a single billing rate and we strive to keep the rate."