Quote of the week

Putting President Bush’s VFW speech to one side, the quote of the week comes from Nathan Koppel’s Wall Street Journal article (subscribers only) on the rising hourly rates for attorneys in private practice. The article quotes an unnamed partner at an unnamed New York law firm on the hesitancy of the big New York firms to raise their rates above the mid-to-high $900 range: “We have viewed $1,000 an hour as a possible vomit point for clients.” The Journal’s Law Blog now unveils the Thousand Dollar Bar.