Credit: Eduardo Luzzatti As Billing Rates and Client Pressure Collide, a Turning Point Looms
The tension could alienate clients, cut into law firms' profits and force talent out the door.
May 02, 2022 at 12:01 AM
6 minute read
Law Firm Management
The original version of this story was published on The American Lawyer
With sky-high demand and expenses beginning to rise, the conventional wisdom on rate increases in Big Law firms last year was straightforward: Get it while the getting is good.
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