The 2012 Queensland Property & Real Estate Pricing Report details market factors, trends and other matters relevant to the pricing of legal services as well as recorded and suggested pricing levels. It is compiled on the back of feedback from both solicitors practising within these areas and client referees.
Queensland’s property lawyers have been historically accustomed to providing fixed fees for the majority of matters and thus innovation in relation to pricing within this market has been minimal.
Increasingly firms are offering a discount/uplift on fees on more speculative transactions and this appears to be gaining traction amongst clients.
In order to remain competitive and ensure that some of the market’s quieter property practices don’t “buy” work firms are also providing clients with “options” as to the level of “diligence” performed at due diligence stage.
Partner Hourly Rates Guide
Melbourne Employment & WHS Lawyers Pricing (Hourly Rates)
Hourly Rate Market Share
$350-$400 2%
$400-$450 0%
$450-$500 0%
$500-$550 26%
$550-$600 23%
$600-$650 9%
$650-$700 8%
$700-$750 13%
$750-$800 4%
$800-$850 3%
$850-$900 9%
$900-$950 2%