For those who started their firm after practicing in biglaw and compete with biglaw, how do your rates compare to what you would be charging in biglaw? Right now I’m charging approximately half (~$500) of what I’d normally be billed out as a senior associate/junior partner (~$1000) and have more work than I can manage, but I’m hesitant in raising my rates too much b/c I don’t want it to adversely affect my client relationships or our ability to generate new business. Thoughts?

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Try raising your rate for new clients only. That way you don’t piss off your current clients.

But I would still consider telling your current clients that you are raising your rates for new clients, particularly if they may refer work to you. (Don’t want them telling the referred potential client the rate they are paying, which could create an awkward situation.)

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Go up based on inflation. Even if it’s $30 per hour

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