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Old December 30, 2011, 09:26 AM   #13
Bartholomew Roberts
Senior Member
Join Date: June 12, 2000
Location: Texas and Oklahoma area
Posts: 7,594
That's a pretty stiff reduction. I know attorneys who are three years out of law school making as much as Mr. Huff and Mr. Levy just got paid for litigating a major constitutional issue from district court all the way to the Supreme Court.

Based on this 2010 study, the average billing rate for attorneys in D. C. is $600/hr for partners (Gura & Possessky) and $375/hr for associates. So Gura made about $180 per hour less than the average D.C. lawyer for his effort - and had to wait 3 years (after 7 years of litigation) to even get that.

The major plus is there aren't too many places where you can get 7.25% interest right now. If I were Gura, I'd be hoping the city took its sweet time paying that.
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