The State of Rates: Texas Lawyer's Annual Salary and Billing Survey

, Texas Lawyer

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Starting a law firm during a recession may not be easy, but Ralph Perez, a bankruptcy lawyer in Corpus Christi did just that after obtaining his Texas law license in November 2008. "I started a virtual practice and set up out of my house," he says. "It allowed me to save a lot of overhead and pocket a lot of profit. I settled on a flat $100 per hour when I started." Perez raised his rate to $125 an hour in 2009. By 2010, when his business had doubled as a result of marketing through social media and attending social media events, he raised his hourly fee to $175 and hired an administrative assistant who worked from her home.

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