Legal Fees Rise Nearly 15 Percent over Two Years

It’s not just taxes that are rising these days, as a recent study on legal spending shows:

Law firms are reaping more in legal fees, likely because of rate increases and clients willing to pay top dollar for the best legal talent, according to a study of legal spending data. Legal fees for 37 companies studied were nearly $950 million for the first two quarters of 2012, a 14.7 percent increase compared to the same period in 2010, the Am Law Daily reports.

[Read: Legal Fees Jump 15 Percent over Two Years, Even as Billables Remain Flat, Study Says at the ABA Journal]