Hourly Fees Rocket Greater, as Elite Firms Leverage Pricing Power

Legislation corporations in the main 50 percent of 2024 pushed with the best billing fee raises recently, authorized industry analysts say, as the most elite legislation firms capitalized on the truth that lawful departments have been likely to hire them for make-or-split issues Virtually regardless of Value.

Average common billing rates rose 8.eight% in the first six months, in accordance with the Wells Fargo Legal Specialty Team. The Am Regulation 50 hiked costs ten%, whilst the next fifty and Second one hundred amplified them 7%.

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