London, UK. Credit: Iakov Kalinin/Adobe Stock UK's Top Partners Billing $1,300+ Per Hour Driven by US Rivals
"We know law firms have been using rates to increase that top line for a number of years and I suppose the question that arises is: 'How much longer is that possible?'"—PwC.
October 21, 2024 at 09:12 AM
2 minute read
Top U.K. law firm partners are charging clients more than £1,000 ($1,300) per hour, a 40% rise since 2019 driven by fierce competition from U.S. counterparts and inflation.
The U.K. still lags behind the elite U.S. firms, however, which bill more than $2,000 per hour, according to the 2024 annual law firm survey released by accountants PwC today.
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