Am Law 50's Runaway Rates Put Onus on Legal Departments to Stiffen Resistance

"It is all too easy for in-house teams to continue instructing work to the same firms they have always used, without considering the savings that can be gained from a more structured approach to resourcing," the-e-billing platform Brightflag said in a new report. said.

October 09, 2024 at 07:00 AM

4 minute read

Law Firm Client Relationships

Trudy Knockless
Reporter

The Am Law 100 increased hourly rates an average of 10.0% in 2024, more than double last year's 4.8% increase and six times 2022′s 1.5% hike, according to a new study that assigns part of the blame to legal departments' lack of diligence in pushing back.

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