2023 Was A Very Good Year For Biglaw Firms To Increase Their Billable Rate

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

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According to data collected by the Wells Fargo Private Bank Legal Specialty Group, what was the the average increase in standard rates for Am Law 200 law firms in the first half of 2023?

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Hint: Analysts said it was “some of the highest growth in billing rates we’ve seen.”

See the answer on the next page.

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