Paragon Tech · Law Firm Billable Rate Comparison Tool

Step 1: Select Practice Area and Location

Billable paralegals?

Contingent/Fixed Fee

Practice Area

State

Locale

Average Adjusted Attorney Billable Rate

Average Profit Margin

Average Adjusted Paralegal Billable Rate

Attorney Rate Breakdown

Entry Level Associate
Mid-Level Associate
Senior Associate

Junior Partner
Senior Partner
Managing Partner

Contingent/Fixed Fee

Your Firm's Total Anual Revenue

$100

Your Firm's Total Attorney Count 1

Your Firm's Average Attorney Work Day Length 10 hr

Utilization Rate- Lawyer 34 %

Your Firm's Total Paralegals Count 1

Your Firm's Average Paralegal Work Day Length 8 hr

Utilization Rate- Paralegal 73 %

Lawyer Effective Billable Rate

Paralegal Effective Billable Rate

Step 2: Input Your Firm Data

Input your firm's Average Attorney Billable Rate and Average Paraglegal Billable Rate along with your firm's current overall profit margin to see how your firm compares to similar firms in your geographic area.

Your Firm's Average Attorney Billable Rate $100 /hr

Your Firm's Average Paralegal Billable Rate $50 /hr

Your Firm's Profit Margin 0 %

Step 3: Comparison Against Your Nearby Competitors

The calculator will indicate whether you are charging adequately based on the calculated adjusted average billable rates and Average Profit Margin produced in step 1.

Attorney Billable Rate Difference From Avg

Paralegal Billable Rate Difference From Avg

Profit
Margin Difference From Avg

Step 4: What Does the Data Mean?

Causes

Potential Solutions

Step 5: Raising Your Rates and Retaining Your Clients

Schedule Your Rate-Raising Strategy Creation Meeting (Free)

You will meet with us to discuss and identify the primary value drivers for your firm’s clients that meaningfully enhance their experience working with you. We will then do all the heavy lifting and use our framework to incorporate these high-value, low-effort elements into your service offering to enable you to raise your rates while delivering an enhanced client experience. Happy, high-paying clients = growing law firm.