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.
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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.
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LexisNexis sat down with John Ursin, Managing Partner at Schenck Price, to learn how the firm is using legal AI to strengthen client service and daily legal work.
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?