"The 2009 Survey of Law Firm Economics by Incisive Legal Intelligence, a leading source of business intelligence for the legal profession, reveals that participating U.S. law firms saw drops in virtually all key financial performance metrics last year. While average hourly billing rates for equity partners reached $332, an increase of less than 1% over the prior year, the hours billed by the average partner decreased by 2% to 1,681. Average revenues per lawyer reported by participating firms were $413,086, representing a decrease of 4% from the prior year."
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