Law Firm Billing Rates Surging as Demand for Legal Services Grows, Survey Finds

Pieter Gunst01 mins

Last year marked a significant escalation in law firm billing rates, a trend expected to persist as demand for litigation remains robust and optimism for deal work rises. According to new survey results, 86% of large firms in the U.S. and U.K. plan to increase their billing rates over the next 12 months, with nearly 20% of respondents anticipating hikes between 41% and 60%. For further details, the original article can be accessed here.