LEGAL FEES

  • Jun 5, 2017
    June 2017 - Priced for value

    June 2017 - Priced for value

    Canadian Lawyer’s annual Legal Fees Survey shows that the billable hour is far from dead, but it doesn’t hurt to get creative.

    According to this year’s survey, 53 per cent of respondents have no plans to change their current fees. In a modest increase over last year’s 42 per cent, 45 per cent of respondents are planning to raise their prices and only 0.6 per cent plan to lower them. Last year, three per cent planned to cut their prices.

  • Jun 6, 2016
    June 2016 - The going rate

    June 2016 - The going rate

    Canada’s uncertain economic outlook has the country’s lawyers spooked, with a healthy majority opting against a price hike this year.

    According to the results of Canadian Lawyer’s 2016 Legal Fees Survey, 55 per cent of respondents will freeze their prices over the next year, while a further three per cent intend to cut their rates. Just 42 per cent are planning a price boost, the lowest rate in three years.

  • Jun 1, 2015
    The Going Rate

    The Going Rate

    After years of steady decline, Canadian litigation fees have finally returned to the heights of the pre-global-recession era, but Canadian lawyers aren’t happy about it.

    According to the results of Canadian Lawyer’s 2015 Legal Fees Survey, the national average estimated cost of a two-day trial crossed the $30,000 threshold for the first time, leaping 43 per cent to $31,330 this year from $21,953 in 2014.

  • Jun 2, 2014
    The going rate

    The going rate

    Canada’s slow and steady economic recovery seems to be reflected in the country’s legal market, with lawyers split down the middle on the merits of a price hike.

    For the second year in a row, a narrow majority of respondents to Canadian Lawyer’s Legal Fees Survey indicated plans to freeze rates over the next year, with 52 per cent opting for a no-change approach. But at the same time, average hourly rates rose across the board compared with last year’s survey, while fee estimates for individual matters increased in most categories for 2014 over 2013 responses. Based on feedback, we’ve expanded the survey to assess the going rate for 38 different matters across eight practice areas: civil litigation, corporate-commercial, criminal, family, immigration, intellectual property, real estate, and wills and estates.

  • Jun 3, 2013
    The going rate

    The going rate

    2013 looks set to be a crunch year for Canadian law firms. While many increased their fees in 2011 and 2012 to reflect spiraling overheads, there now seems to be a broad recognition the market cannot tolerate further successive price rises.

    The majority (56 per cent) of respondents to Canadian Lawyer’s latest Legal Fees Survey plan to freeze fees this year. This is a significant jump from last year, when only one per cent indicated they would do so.

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