Credit: Wanan/Adobe Stock Raising Billing Rates in 2023 Becomes a 'Singular Focus' for Law Firms
"We're seeing higher planned rate increases at this point than we've ever seen, and we've been tracking this for 15 years," said a Wells Fargo analyst.
November 22, 2022 at 05:00 AM
4 minute read
Law firms are preparing "aggressive" billing rate increases for 2023, seeking to overcome inflation amid challenges in their demand and productivity, according to legal industry analysts.
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