The in-house legal community is expressing outrage that law firms will be pressing for aggressive rate hikes in 2023, even though they know that legal departments are under extraordinary pressure as the economic outlook sours.
“Law firms are claiming to raise rates due to inflation, but anyone who’s ever taken an economics class knows that the real reason they’re raising rates is because they think no one will notice under the guise of inflation,” said Stephanie Corey, a former legal-ops leader at HP and VMware who now leads the consulting firm UpLevel Ops.
