Law firm hourly rates jumped 4.8% last year

Report shows firms are regaining some leverage when it comes to pricing

According to the latest figures, law firms are clawing back some of the pricing power they lost during the recession.

A joint report by CEB and TyMetrix, a unit of Wolters Kluwer, found that law firm lawyers’ hourly rates increased an average of 4.8 percent from 2011 to 2012. Although the gain outpaced inflation, it pales in comparison to the 8.2 percent increase that took place from 2007 to 2008, but is comparable to the 5.1 percent jump between 2010 and 2011.

Ashley Post

Bio and more articles

Join the Conversation

Advertisement. Closing in 15 seconds.