Menu
Wolters Kluwer Real Rate Report Shows Law Firm Rates Rising at the Fastest Pace Since the 2008 Recession
By legal insider, April 2, 2017
This post has been viewed 2,928 times.
This post has been viewed 2,928 times.
Wolters Kluwer’s ELM Solutions has released its 2016 Real Rate Report. The report contains new information that the firm says “underscores recent trends in legal rates, confirming that overall rates continue to rise, with average year-over-year lawyer rate increases reaching their highest levels since 2008.”
The Real Rate Report, released jointly with CEB, analyzes actual invoice data to provide benchmarks of law firm rates and uncover the drivers of the billable hour. Key findings from the report include that the fact that larger firms maintain pricing power as rates rise. Among over 350 factors tested, law firm size is the single largest driver of law firm rates.
Read original articleTags:
