Valeo 2024 London Law Firm Hourly Rate Report: Details Average Billing Rates by Position and Practice Area in London's Legal Market
Report Offers Unprecedented Transparency into London Law Firm Rates Using Court-Cited Public Data, Including Including Cleary, Paul Weiss, DLA Piper, and Ropes & Gray
Dublin, May 29, 2025 (GLOBE NEWSWIRE) -- The "Valeo 2024 London Law Firm Hourly Rate Report" has been added to ResearchAndMarkets.com's offering.
The 2024 London Law Firm Hourly Rate Report details the average hourly rates by Position (Senior Partner - 25 years or more since graduation year, Partner - 24 years or less, Counsel, Senior Associate - 5 years or more, and Associate - 4 years or less) of the major law firms practicing in London by principal litigation and transactional practice areas. The rate data and related details of this Report were taken directly from the Valeo Attorney Hourly Rate and LPM Pricing Platform.
Research and Reporting Methodology
The publisher researches, reviews and analyzes hourly rates that are publicly disclosed of attorneys and support staff at currently 2,500 law firms representing over 20,000 companies. Secondary public records research is performed to complete detailed engagement profiles of the attorneys and companies involved. Through this process we are able to provide actionable data to our user community - large law firms, corporations and consulting firms to make 1) direct comparisons between attorneys and firms (as opposed to general averages of a collection of various firms' rates as found in surveys or e-billing services) and 2) important pricing and strategy decisions enterprise-wide or engagement-by-engagement.
In the Valeo Attorney Hourly Rates and LPM Pricing Platform, all hourly rates, hours and fees for each individual attorney are cited as to the source. For example, the citation for a court filing includes: case name, case number, court, case filing date, filing number, filing description, attorney and support staff listed by full name, client name, hourly rate of each timekeeper, hours billed, total hours and the time period in which the work was performed. As mentioned, further secondary research is required to confirm experience levels (graduation and bar licensure years), bar state (in the United States) or bar country (outside of the United States), practice area(s) and primary industry of the client.
All data for the Valeo Analytical Reports is downloaded from the Platform and rates are listed as Average Billed Rates by Firm, Position (Senior Partner, Partner, Counsel, Senior Associate, Associate and Support Staff), Practice(s) and Rate Year.
In order to provide this detailed level of clarity and transparency, the publisher researches 1) public records in US State Courts, US Supreme Court, US Federal Courts - District, Appellate, Federal Circuit and Bankruptcy 2) publicly available budgets from municipalities, districts (school, water, environmental and others), counties and states where attorneys were hired to perform legal work for the public entity 3) registrations such SEC records and other publicly disclosed documents and 4) government affairs fees.
The practice of law is global and although most hourly rate data is from public sources in the United States, the publisher captures hourly rates for attorneys in 62 countries and denominated in 11 currencies.
Since the publisher researches, reviews and analyzes only publicly available information and cites the source of the information, the United States federal and state court systems easily recognize and accept the validity and veracity of the data in court. the data has been used and cited in several hundred United States federal and state court cases including the Supreme Court of the United States (Kirtsaeng v. John Wiley Publishing), Federal District Courts (The United States v. Apple), Appellate Courts including the Federal Circuit, Federal Bankruptcy (AMR Corporation, Chapter 11 bankruptcy case) and Adversary proceedings and major state courts mainly in California, Texas and New York.
Companies Featured in the Report
Akin Gump Strauss Hauer & Feld LLP
Arnold & Porter Kaye Scholer LLP
Brown Rudnick LLP
Cleary Gottlieb Steen & Hamilton LLP
Cooley LLP
Covington & Burling LLP
Cravath, Swaine & Moore, LLP
Davis Polk & Wardwell LLP
Dechert LLP
DLA Piper LLP (US)
Fox Rothschild LLP
Goodwin Procter LLP
Haynes and Boone, LLP
King & Spalding LLP
Kirkland & Ellis LLP
Latham & Watkins LLP
Locke Lord LLP
McDermott Will & Emery LLP
Milbank LLP
Morrison & Foerster LLP
Nixon Peabody LLP
Norton Rose Fulbright
Paul Hastings LLP
Paul, Weiss, Rifkind, Wharton & Garrison LLP
Pillsbury Winthrop Shaw Pittman LLP
Quinn Emanuel Urquhart & Sullivan, LLP
Reed Smith LLP
Ropes & Gray LLP
Schulte Roth & Zabel LLP
Shearman & Sterling LLP
Sidley Austin LLP
Simpson Thacher & Bartlett LLP
Skadden, Arps, Slate, Meagher & Flom LLP
Steptoe & Johnson LLP
Sullivan & Cromwell LLP
Weil, Gotshal & Manges LLP
White & Case LLP
Willkie Farr & Gallagher LLP
Winston & Strawn LLP
Section 1: UK Firms
Magic Circle
Allen & Overy LLP
Overall
Practice Areas
Commercial Litigation
Finance
Litigation Support Services
Patent
Real Estate
Clifford Chance LLP
Overall
Practice Areas
Commercial Litigation
Corporate/Corporate Transactions & Securities
Data Privacy & Data Security
Energy
Finance
Healthcare
Insurance
Patent
Tax
Transportation
Freshfields Bruckhaus Deringer
Overall
Practice Areas
Corporate/Corporate Transactions & Securities
Data Management/Analysis
Finance
Mergers & Acquisitions
Tax
Technology including Emerging Technology
Linklaters LLP
Overall
Practice Areas
Alternative Dispute Resolution
Arbitration/Mediation
Capital Markets
Commercial Litigation
Communications
Construction
Corporate Governance
Corporate/Corporate Transactions & Securities
Employee Benefits
Fair Labor Standards Act
Finance
International
Labor & Employment
Mergers & Acquisitions
Pension & Welfare
Real Estate
Tax
Technology including Emerging Technology
Trademark
Unfair Competition/Unfair & Deceptive Trade Practices
Discovery
Slaughter and May
Overall
Practice Areas
Alternative Dispute Resolution
Antitrust
Capital Markets
Commercial Litigation
Compensation/Executive Compensation
Contracts
Corporate/Corporate Transactions & Securities
Data Privacy & Data Security
Employee Benefits
Finance
Maritime
William Fry LLP
Overall
Practice Areas
Corporate/Corporate Transactions & Securities
Finance
Private Equity
Section 2: US Firms
#1 Kirkland & Ellis LLP
Overall
Practice Areas
Antitrust
Capital Markets
Commercial Litigation
Corporate/Corporate Transactions & Securities
Finance
Government & Regulatory Investigations
Insurance
Intellectual Property
International
Investment Management
Mergers & Acquisitions
Patent
Private Equity
Public Sector Financial Counsel
Tax
Technology including Emerging Technology
Transactional
#2 Latham & Watkins LLP
Overall
Practice Areas
Antitrust
Arbitration/Mediation
Commercial Litigation
Corporate/Corporate Transactions & Securities
Finance
Healthcare
Mergers & Acquisitions
Tax
Technology including Emerging Technology
White Collar Criminal Defense
#3 DLA Piper LLP (US)
Overall
Practice Areas
Commercial Litigation
Finance
#5 Skadden, Arps, Slate, Meagher & Flom LLP
Overall
Practice Areas
Capital Markets
Corporate/Corporate Transactions & Securities
Finance
Intellectual Property
Labor & Employment
Mergers & Acquisitions
Technology including Emerging Technology
#6 Sidley Austin LLP
Overall
Practice Areas
Mergers & Acquisitions
Private Equity
Tax
#7 White & Case LLP
Overall
Practice Areas
Arbitration/Mediation
Commercial Litigation
Communications
Corporate/Corporate Transactions & Securities
Energy
Finance
Mergers & Acquisitions
#10 Ropes & Gray LLP
Overall
Practice Areas
Antitrust
Commercial Litigation
Intellectual Property
Private Equity
#13 Goodwin Procter LLP
Overall
Practice Areas
Corporate/Corporate Transactions & Securities
Private Equity
Technology including Emerging Technology
#15 Simpson Thacher & Bartlett LLP
Overall
Practice Areas
Commercial Litigation
#16 Norton Rose Fulbright
Overall
Practice Areas
Alternative Dispute Resolution
Aviation/Aerospace
Commercial Litigation
Corporate/Corporate Transactions & Securities
Finance
Tax
#17 King & Spalding LLP
Overall
Practice Areas
Commercial Litigation
Corporate/Corporate Transactions & Securities
Finance
Public Sector Public Agencies Counsel
Tax
White Collar Criminal Defense
#18 Cooley LLP
Overall
Practice Areas
Arbitration/Mediation
Commercial Litigation
Copyright
Corporate/Corporate Transactions & Securities
Finance
Insurance
Labor & Employment
Life Sciences
Mergers & Acquisitions
Patent Prosecution
Technology including Emerging Technology
#20 Davis Polk & Wardwell LLP
Overall
Practice Areas
Antitrust
Corporate/Corporate Transactions & Securities
#21 McDermott Will & Emery LLP
Overall
Practice Areas
Capital Markets
Tax
#22 Paul, Weiss, Rifkind, Wharton & Garrison LLP
Overall
Practice Areas
Corporate/Corporate Transactions & Securities
#23 Weil, Gotshal & Manges LLP
Overall
Practice Areas
Antitrust
Commercial Litigation
Corporate/Corporate Transactions & Securities
Finance
Intellectual Property
Mergers & Acquisitions
Tax
Technology including Emerging Technology
#24 Sullivan & Cromwell LLP
Overall
Practice Areas
Capital Markets
Commercial Litigation
Finance
Mergers & Acquisitions
Tax
#25 Paul Hastings LLP
Overall
Practice Areas
Capital Markets
Corporate/Corporate Transactions & Securities
Finance
#26 Quinn Emanuel Urquhart & Sullivan, LLP
Overall
Practice Areas
Commercial Litigation
#28 Covington & Burling LLP
Overall
Practice Areas
Life Sciences
#29 Reed Smith LLP
Overall
Practice Areas
Commercial Litigation
Finance
Healthcare
Insurance
Investment Management
Mergers & Acquisitions
Private Equity
Technology including Emerging Technology
#30 Cleary Gottlieb Steen & Hamilton LLP
Overall
Practice Areas
Commercial Litigation
Data Privacy & Data Security
Finance
Intellectual Property
Tax
#31 Willkie Farr & Gallagher LLP
Overall
Practice Areas
Antitrust
Capital Markets
Commercial Litigation
Corporate/Corporate Transactions & Securities
Tax
#36 Dechert LLP
Overall
Practice Areas
Corporate/Corporate Transactions & Securities
Finance
#37 Milbank LLP
Overall
Practice Areas
Commercial Litigation
Corporate/Corporate Transactions & Securities
Finance
Insurance
Investment Management
Mergers & Acquisitions
Tax
Transportation
#38 Morrison & Foerster LLP
Overall
Practice Areas
Commercial Litigation
Corporate/Corporate Transactions & Securities
Energy
Finance
Intellectual Property
Mergers & Acquisitions
Real Estate
Tax
Technology including Emerging Technology
#40 Akin Gump Strauss Hauer & Feld LLP
Overall
Practice Areas
Antitrust
Arbitration/Mediation
Commercial Litigation
Corporate/Corporate Transactions & Securities
Finance
International
International Trade
Mergers & Acquisitions
Tax
#44 Winston & Strawn LLP
Overall
Practice Areas
Corporate/Corporate Transactions & Securities
#49 Arnold & Porter Kaye Scholer LLP
Overall
Practice Areas
Commercial Litigation
Life Sciences
#55 Cravath, Swaine & Moore, LLP
Overall
Practice Areas
Corporate/Corporate Transactions & Securities
#58 Shearman & Sterling LLP
Overall
Practice Areas
Antitrust
Commercial Litigation
Corporate/Corporate Transactions & Securities
Finance
Mergers & Acquisitions
Tax
#65 Pillsbury Winthrop Shaw Pittman LLP
Overall
Practice Areas
Corporate/Corporate Transactions & Securities
Finance
Mergers & Acquisitions
Tax
#71 Fox Rothschild LLP
Overall
Practice Areas
Corporate/Corporate Transactions & Securities
#83 Nixon Peabody LLP
Overall
Practice Areas
Commercial Litigation
White Collar Criminal Defense
#94 Schulte Roth & Zabel LLP
Overall
Practice Areas
Corporate/Corporate Transactions & Securities
#95 Haynes and Boone, LLP
Overall
Practice Areas
Commercial Litigation
#96 Locke Lord LLP
Overall
Practice Areas
Corporate/Corporate Transactions & Securities
#101 Steptoe & Johnson LLP
Overall
Practice Areas
Foreign Corrupt Practices Act
#140 Brown Rudnick LLP
Overall
Practice Areas
Commercial Litigation
Corporate/Corporate Transactions & Securities
Intellectual Property
Maritime
White Collar Criminal Defense
For more information about this report visit https://www.researchandmarkets.com/r/ypg2pd
About ResearchAndMarkets.comResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
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