2023 Was A Very Good Year For Biglaw Firms To Increase Their Billable Rate
Industry experts are predicting more rate hikes next year too.
(Image via Getty)
Ed. Note: Welcome to our daily feature Trivia Question of the Day!
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?
Sponsored
Legal AI Tools And Assistants Essential For Legal Teams
Legal AI Tools And Assistants Essential For Legal Teams
Showcasing the legal-focused generative AI tools that assist law firms and legal departments for essential tasks.
Hint: Analysts said it was “some of the highest growth in billing rates we’ve seen.”
See the answer on the next page.
Sponsored
Sponsored
Referral Fees The Key To Growing A Modern Practice? Overture Thinks So.
Overture digitizes your existing attorney networks and makes it easy to share referrals and ethically split fees with attorneys you already trust.
Sponsored
Legal AI Tools And Assistants Essential For Legal Teams
Legal AI Tools And Assistants Essential For Legal Teams
Showcasing the legal-focused generative AI tools that assist law firms and legal departments for essential tasks.
Sponsored
Diving Into Generative AI: A Practical Guide For Law Firms Starting From Scratch
NetDocuments’ Michelle Spencer on where to start, what to ask, and considerations for implementing generative AI tools in your organization.
Sponsored
From AI To KPI: The Law Department Tech Trends Of 2024
What technology trends are in store for large corporate law departments? Join us for this CLE-eligible webinar to find out!
Sponsored
Law Firms Now Have A Choice In Their Document Comparison Software
Six months on since its launch, over 200 firms worldwide are now using Draftable Legal for accurate and reliable document comparison, including UK Top 50…
Sponsored
From AI To KPI: The Law Department Tech Trends Of 2024
What technology trends are in store for large corporate law departments? Join us for this CLE-eligible webinar to find out!
