Credit: ThongSam/Adobe StockSenior Associates' Billing Rates See The Biggest Jump
“You’re getting some associate rates cresting to over $1,000 an hour, as much as some junior partners," said Jennifer McIver, of Wolters Kluwer ELM Solutions.
January 22, 2025 at 06:00 AM
4 minute read
It’s not just law firm partners whose billing rates have shot up lately. Associates, and specifically experienced associates, saw the biggest increases in billed rates between 2023 and 2024, according to a new report.
The report, which looked at millions of entries on law firm invoices submitted and approved for payment, showed that the top third quartile of associates had billing rates jump from $735 to $795 year to year (more than 8.1%), according to the ELM Solutions 2024 Real Rate Report from Wolters Kluwer.
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