Barristers Hourly Chargeout Rates Survey - Sept 2009

"I am very pleased to see that Richard's pricing research work is being extended to practitioners at the Independent Bar. Reliable and anonymous market information about the pricing practices of colleagues is a key factor in making one's own pricing decisions. I have no doubt that the information and analysis that Richard will be able to provide from this first survey designed specifically for the needs of barristers will be immensely valuable"

David O'Neill, Barrister, Hamilton

The Validatum™ pricing surveys and consultancy work is well known to law firms. More than 450 New Zealand law firms from sole practitioners to the "top 5" have participated in one or more of our surveys and ordered the reports. These services have now been extended to members of the Independent Bar. This first survey catering specifically for the information needs of New Zealand barristers will provide colour charts, graphs, tables, analysis and commentary on the following:

• comparison of pricing methodologies including hourly rate, daily rates, " seat of the pants" etc
• % of annual revenue derived from Legal Aid v full paying clients
• % of annual revenue derived from different work types
• Hourly charge out rates by work type
• comparison of your revenue generated by Legal Aid v full paying clients by different work types
• differentiated charge out rates based on jurisdiction e.g. District Court v High Court etc
• premiums charged for urgency and outstanding results
• termination fees
• the various ways that office expenses (tolls, faxes, forms, photocopying, courier fees etc) are handled
• Gross revenue and net profit benchmarking (optional)