We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

Firms' Billing Rates Expected To Slump In 2009

Law360 (December 8, 2008, 12:00 AM EST) -- About a year ago, almost 71 percent of law firms decided to hike their billing rates for 2008, according to a new survey. In light of the economic crisis that has since set in, however, firms are far more likely to apply small increases limited to particular practices, and provide discounts to certain clients in 2009, experts say.

In the past year, 70.6 percent of the 127 law firms surveyed reported boosting their partner and associate rates by an average of 4.3 percent, the National Law...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.