Law firms showed healthy increases in billing rates this year, with the vast majority of those responding to The National Law Journal's annual survey boosting both associate and partner fees. Firms that are focused in the Northeast consistently racked up the highest increases, though hikes occurred in all regions. The figures might have edged even higher, but, as one consultant says, "Lawyers tend to be terrified of losing clients because of increased rates."
Law Firms' Billing Rates Climb Ever Higher
The National Law Journal
December 9, 2004