Law Practice
Dec. 3, 2009
Firms to Hike Billing Rates in 2010
A survey suggests law firms won't head pressure from corporate clients to hold the line or give discounts on legal pricing next year.
Daily Journal Staff Writer
Despite ongoing vocal pressure from law firm clients to hold the line or give discounts on legal pricing, many firms will ratchet up their billing rates in 2010, according to a survey from a top legal consulting firm.
On average, law firms plan to raise rates by 3.2 percent, according to Altman Weil, which released the survey results Tuesday. The projected rise is smaller than previo...
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