Law Firms Likely To Hike Billing Rates In 2010: Survey

By Liz McKenzie

Law360, New York (December 01, 2009, 3:38 PM ET) -- Law firms are likely to raise average billing rates by about 3.2 percent in 2010 despite pressure from clients to continue at past or discounted rates, a new survey reports.

The survey, released Tuesday by legal consulting firm Altman Weil Inc., analyzes responses from 288 law firms, including 45 percent of the 250 largest U.S. firms.

“Although these results may seem to contradict some expectations for rate freezes in 2010, this is a relatively conservative rate increase by law firms that are struggling to balance their...
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