Biglaw Prepares For Record Billable Rate Increase, Despite A Drop In Demand

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According to Wells Fargo’s Legal Specialty Group survey of more than 120 firms, Biglaw firms are planning on increasing billing rates by what percentage — the highest rate increase in the history of the survey?

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Hint: This is despite a demand drop of 1.1% through the first nine months of this year.

See the answer on the next page.

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Originally posted on: https://abovethelaw.com/2022/11/biglaw-prepares-for-record-billable-rate-increase-despite-a-drop-in-demand/