What is the industry standard for ID billable rates? We’re currently set at $190 partner/$175 associate but thinking of increasing rates. Is it realistic to ask for more?

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What kind of work and where? My average ID rate is $230 partner, professional liability in NYC. Pretty rough way to make a living.

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Sounds about right for ID, I’d ask for more cases rather than a rate increase and then try for a bump at the new year. Good luck!

Midwest, one of our carriers is as low as $120 for associates.

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I’ve heard anywhere from $95-350. Does anyone know the standard billing rate for med mal defense?

Depends on if your LCOL or HCOL and the type of firm. Maybe 100 to 500 per hour (larger firms with ID practices) and bigger value cases (think 10+ M demand).

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