ink drop/Adobe Stock Big Law's Big Realization?
Am Law 100 firms last year saw their lowest realization rates in five years: 80.93%, down from 82.2% in 2022 and 83.11% in 2021.
April 16, 2024 at 10:11 AM
9 minute read
During the pandemic era, it may have been easy to assume high realization rates were going to be a part of the "new normal." Firm leaders saw the benefits firsthand in 2020 and 2021, when transactional demand soared and lawyers working remotely were more diligent in their billing practices and better able to reap the benefits. Plus, firms for years have been adding business professionals to help them make the most of their pricing strategies.
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