(Photo: Ratana21 – stock.adobe.com) Billing Rate Increases Boost Atlanta and Southeast Law Firms' Financial Growth
Big Law firm leaders in Southeast report raising rates as high as 7% in 2023 in response to higher costs for everything from salaries to rent.
May 06, 2024 at 11:12 AM
6 minute read
Lawyer Rates and Arrangements
What You Need to Know
- Many Big Law firm leaders in the Southeast said they were not immune from the same inflationary pressures other U.S. law firms faced.
- Some Southeast firms raised rates as high as 7%, while a Wells Fargo reported noted Atlanta firms raised rack rates by 9.4% last year.
- Another report showed partners in Atlanta firms chargeds the highest average hourly rates in the Southeast, at almost $700.
Billing rate increases fueled many Southeast law firms' financial growth last year, with law firm leaders saying their firms were not immune from the same inflationary pressures as other firms in the U.S.
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