2023 Was A Very Good Year For Biglaw Firms To Increase Their Billable Rate
Industry experts are predicting more rate hikes next year too.
Industry experts are predicting more rate hikes next year too.
That's still a lot of money.
The new generation of AI-related legal issues are inherently cross-disciplinary, implicating corporate law, intellectual property, data privacy, employment, corporate governance and regulatory compliance.
At least three Biglaw firms are charging $1,000+ for associates' time.
In-house columnist Mark Herrmann identifies what looks like the wave of the future.
How do billable rates vary across practice areas?
For high-stakes stuff, we may be stuck with the billable hour, but for everything else, the billable hour is doomed.
Legal and operational leaders are gathering May 6–7 in Fort Lauderdale to confront the questions the industry hasn't answered—with a keynote from Amanda Knox setting the tone.
The embattled media company has hired high-priced talent to help it through its troubles.
Is this boss cheating employees? One lawsuit says yes.
Want something worse (or at least less reliable) than even regular legal bills? Shadow bills.
Appearing before the high court involves high billing rates -- but that doesn't make those rates unreasonable.
Designed to reduce manual docket work by prioritizing what litigators need most: on-demand full docket summarization that explains the whole case to date, followed by on-demand document summaries for filing triage, and AI-powered natural language searching for faster search and retrieval.
What does the rise of alternative fee arrangements mean for both law firms and their clients?
How much was this superstar attorney trying to charge his client?
As the economy settles, so will Biglaw.
In-house columnist Mark Herrmann wants to know: why do outside law firms keep proposing such insulting alternative-fee arrangements?
What trends can we see from looking at a recent survey of legal spending by corporate clients?