The Law Firm of Spiro Sets Highest Billing Rate in Manhattan
A leading attorney for billionaire Tesla CEO Elon Musk and embattled New York Mayor Eric Adams now has a standard billing rate of $3,000 an hour, placing him on the top shelf among even the priciest o. Alex Spiro's firm, Quinn Emanuel Urquhart & Sullivan, has disclosed new billing rates in court filings, with the $3,000 rate applying to top lawyers including Spiro and global co-managing partner William Burck. The rise of top billing rates reflects growing revenue and profits for U.S. law firms in 2024, driven by increasing demand from high-profile clients.
- This astronomical hourly rate underscores the escalating power dynamic between corporate lawyers and their billionaire clients, with the stakes often running far beyond financial gain.
- As law firms continue to command ever-increasing fees, will the bar associations take steps to regulate these skyrocketing rates and ensure that access to justice remains available for all, rather than just the extremely wealthy?