Billing rates charged by firms in Dallas increased by 6.8 percent in 2015, compared with 2014—an increase second only to New York when considering the 25 U.S. cities with the highest volume of legal work. Rates increased by 7.9 percent in New York during the same period.
According to the 2016 Real Rate Report, issued by CEB consulting company and Wolters Kluwer NV’s ELM Solutions, which helps in-house legal departments manage budgets, hourly rates in the United States increased 5.4 percent in 2015 compared with 2014, boosted by an average 7.5 percent increase at firms with more than 1,000 lawyers.
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