Adam Locke

My law firm: @lockelaw
Bio: @yalelawsch @susmangodfrey @akin_gump

[Adam Locke @TheAdamLocke]

The *average* BigLaw partner rate I see is around $1800/hr!

My rack rate of $750-$800/hr (based on the matter type) makes me a better choice for my clients (startups, SMBs, fund managers, founders), than BigLaw.

Here’s some background on me and my law firm. 🧵

[The Wall Street Journal @WSJ]

Elite lawyers are charging $3,400 an hour. Even more stunning? Their clients aren't complaining. https://t.co/AJfIcKCjqU

[Adam Locke @TheAdamLocke]

@SMB_Attorney

[Adam Locke @TheAdamLocke]

@goldenlab_rat @LSU90155 @SMB_Attorney If anything the opposite is true

[Adam Locke @TheAdamLocke]

@LSU90155 @SMB_Attorney My view is creditor side work requires more creativity/skill at all levels. Much of debtor side work at the jr level is rote and should be made more efficient by AI, but the bk bar is a cabal and no one ever got fired for hiring the usual suspects (Kirkland, DP, Weil)

[Adam Locke @TheAdamLocke]

@LSU90155 @SMB_Attorney Because these massive corporate ch11s are complex. The senior partners that can devise strategies to rx public companies can be worth it. But jr assoc. debtor side work requires no creativity or expertise. It is sheep herding and leverage for the bill.

[Adam Locke @TheAdamLocke]

@ItsMattsLaw @RobertFreundLaw Not sure why PE $ would result in public backlash. Will see corporate pushback, but caps are unlikely unless fees exceed market norms, which ethics rules de facto bar.

Lit funding a different animal; the industry has adjusted to disclosure requirements — but no IRR caps AFAIK.

[Adam Locke @TheAdamLocke]

@RobertFreundLaw Unlike you, Rob, I’m an AI bull/fan. But this is possibly the dumbest legal tech startup I have ever seen. Whoever seeded this needs their head checked.

[Sujeet Indap @sindap]

why would you ever hire a law firm that didn’t have the self-respect to defend itself in the easiest case in the history of American jurisprudence:

https://t.co/lTSGiQ2VPJ Donald Trump drops battle against law firms over punitive executive orders

[Adam Locke @TheAdamLocke]

It’s more of a “choose your own adventure” school.

[Steve Bainbridge @PrawfBainbridge]

Yale Law isn't really a law school.

[Adam Locke @TheAdamLocke]

There are a lot of good lawyers on Twitter who don’t charge nosebleed prices. We can do so because we keep overhead low. Many have the elite training you’d expect from a BigLaw firm. I suspect that, like me, many are also responsive, client-centric, value-add advisors.

[Adam Locke @TheAdamLocke]

The *average* BigLaw partner rate I see is around $1800/hr!

My rack rate of $750-$800/hr (based on the matter type) makes me a better choice for my clients (startups, SMBs, fund managers, founders), than BigLaw.

Here’s some background on me and my law firm. 🧵

[The Wall Street Journal @WSJ]

Elite lawyers are charging $3,400 an hour. Even more stunning? Their clients aren't complaining. https://t.co/AJfIcKCjqU

[Adam Locke @TheAdamLocke]

Some clients work with me an hour a month. Some clock dozens of hours. For power user clients, I try to offer volume discounts and monthly flat fee packages where appropriate. I have supreme rate flexibility because, well, it is my firm.