Credit: ImageFlow/Shutterstock.com Aggressive Billing Rate Increases Appear Likely, but Can Clients Stomach It?
Associate salary increases will likely contribute to higher rate hikes, but law firms will have to navigate clients' own anxieties about inflation.
January 24, 2022 at 10:30 AM
5 minute read
The original version of this story was published on The American Lawyer
Large law firms were broadly able to boost billing rates by an average of nearly 4% last year while posting their highest realization rates since the Great Recession.
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