When Nick Martin at Heat City put up a link to this on Twitter, I started thinking. Nobody’s going to feel too sorry for lawyers making $250 an hour. If they work 40 hours a week at that rate for a year, they’ll be earning roughly ten times the median household income in the United States. It’s nothing like $450 an hour, where they’d be pushing a million in fees each year working less than I do, but it isn’t bad. In all fairness, I imagine it’s larger firms doing all the work, so nobody in particular gets all that money. Take out a chunk for a top-floor office with lots of marble, throw in a few expensive associates who don’t contribute anything valuable to the representation, and maybe … Read entire article »