By Kit Chellel, Bloomberg News
The cost of hiring a top London lawyer has risen to more than 1,000 pounds ($1,445) an hour, meaning only major companies can afford the biggest law firms, according to a research group.
The average hourly fee charged by partners in the city’s biggest and most profitable firms in 2015 was 850 pounds, and peaked this year at a record 1,100 pounds, or 18 pounds per minute, according to the report produced by the Centre for Policy Studies, a free-market think tank. In 2005, the average rate was 674 pounds per hour, adjusted for inflation.
“Those seeking to ...
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