Biglaw

The Am Law 100 Leads The Charge On Billable Rate Increases

Clients are willing to pay big bucks for the best in Biglaw.

Close-up of an alarm clock on American bank notes

Ed. Note: Welcome to our daily feature Trivia Question of the Day!

According to the Thomson Reuters Institute’s Law Firm Rates in 2024 report, what was the year-to-date growth in worked billable rates for the Am Law 100?

Hint: While the Am Law 100 are leading the way, billing rates also increased in the Am Law Second Hundred and midsize law firms at a clip of 5.9% and 5.6%, respectively.

See the answer on the next page.

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