X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

Hours are flat, but client spending is up for both partners and associates. Clients have increased the amount of work they’re giving to Am Law 200 firms. And lawyers who are paid at least $800 per hour now account for an increasing cut of the U.S. legal market. These are the top-line results of an analysis of a remarkable data run from TyMetrix, the Hartford-based electronic billing giant. It permits us to gauge demand for legal services on the basis of what clients are actually buying rather than from reports of law firm billing activity or financial results. Those reports, which The American Lawyer, Citibank, Wells Fargo, and Thomson Peer Monitor regularly publish, are of course valuable, but not the last word on the state of demand for lawyers.

ALM Legal Publication Newsletters

Sign Up Today and Never Miss Another Story.

As part of your digital membership, you can sign up for an unlimited number of a wide range of complimentary newsletters. Visit your My Account page to make your selections. Get the timely legal news and critical analysis you cannot afford to miss. Tailored just for you. In your inbox. Every day.

Copyright © 2017 ALM Media Properties, LLC. All Rights Reserved.