The Economics of a Law Practice - Rates

A while back I did a post about cheap lawyers. One of the challenges for a lawyer is figuring out how much to charge.I started out with the general notion that I was going to charge $200 per hour for my time. I figured that if I managed to bill only 500 hours a year (10 hours a week), I would get $100K in revenue. After all my expenses, I'd survive, but I wouldn't be making much. If things went