850 an Hour

Filed under:Ethics — posted by Tom on September 10, 2007 @ 8:13 pm

The best attorney for Wilmer Cutler Pickering Hale and Dorr charged up to $850 an hour for his time representing Broadcom Corp. in a patent fight with a industry rival.

That amount, while staggering to some, is still lower than the expensive attorneys, who charge 1000 and up an hour.

Specifics of Wilmerhales 8.5 million dollar fees were released at the end of August. Qualcomm has waived rights on to of the patent arguments due to the litigation being so fierce.

Wilmerhale partner William Lee’s rates are 790 to 850 an hours and the associates rates were  275 up to 490 hourly. Wilmerhale did delay a rate hike for 6 months, which in effct allowed broadcom to get much cheaper srvice than they would have.

Wilmerhale feels their rates are fair, and believes that results speak for themselves.

You do get what you pay for.

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