As the end of the year approaches, firms have begun to think about their 2009 budgets. This year, the grim economy makes ratcheting up billing rates a sticky issue, but managing partners say some increases are likely. One Atlanta managing partner ruled out a rate increase for anytime soon, but he is in the minority among those who spoke to the Daily Report.
“I don’t know that we can pass on increased rates to people,” said John A. Christy, the managing partner of Schreeder, Wheeler & Flint. “It’s a tough market. Clients are suffering terribly. In the short term, we have to hold the rates.”
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