Credit: Elnur/Adobe StockLegal Departments Dinged for Acquiescing to Rate Hikes That 'Defy Gravity'
Thomson Reuters' newly released State of the Legal Market report says 2024 was "an incredibly successful year for firms from a rate-setting perspective."
January 08, 2025 at 11:57 AM
4 minute read
Law firms' average hourly rates shot up 6.5%, the biggest jump since the Great Financial Crisis nearly two decades ago, Thomson Reuters said in its newly released 2025 State of the Legal Market report.
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