Big Law Billing Rates Rise: Partners See 5.1% Increase in 2024, Report Shows

According to the latest LexisNexis CounselLink Trends Report, billing rates for partners at large law firms continue to rise, with an average increase of 5.1% in 2024. The biggest firms, those with over 750 attorneys, reportedly contributed most to this surge. While significant, this year’s increase was slightly lower than the 5.4% jump seen in 2023. Surprisingly, the increase in associate rates also drew attention, as highlighted by Kristina Satkunas. For full details, view the original article here.