About 90 percent of the law firms responding to a new Altman Weil survey say they plan to raise billing rates this year, by an average of 3.2 percent. However, whether or not the firms will actually be able to achieve the increases is up to the clients, said Ward Bower, a principal at Altman Weil. Said Bower, "It's a little like buying a souvenir in a Mexican marketplace or a souk in the Middle East. They're going to tell you a price, but they expect you to haggle."
January 15, 2010 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
Many large law firms are raising billing rates this year despite the recession, according to an Altman Weil survey (pdf). But it’s not clear from the survey how much clients’ bills will actually increase, if at all.
About 90 percent of the firms that responded said they are raising rates in 2010. The average rate increase was 3.2 percent.
Presented by BigVoodoo
Law firms & in-house legal departments with a presence in the middle east celebrate outstanding achievement within the profession.
The premier educational and networking event for employee benefits brokers and agents.
The Legal Intelligencer honors lawyers leaving a mark on the legal community in Pennsylvania and Delaware.
A large and well-established Tampa company is seeking a contracts administrator to support the company's in-house attorney and manage a wide...
We are seeking an attorney to join our commercial finance practice in either our Stamford, Hartford or New Haven offices. Candidates should ...
We are seeking an attorney to join our corporate and transactional practice. Candidates should have a minimum of 8 years of general corporat...
MELICK & PORTER, LLP PROMOTES CONNECTICUT PARTNERS HOLLY ROGERS, STEVEN BANKS, and ALEXANDER AHRENS
