Law Firm Rates Rising at the Fastest Pace Since 2008

Apparently the Great Recession may be coming to an end, or at least lawyers seem to think so with law firm rates rising faster than at any time before 2008:

“Wolters Kluwer’s ELM Solutions, the global market leader in transformational, technology-based solutions for legal management, today launches the 2016 Real Rate Report. The report contains new information that underscores recent trends in legal rates, confirming that overall rates continue to rise, with average year-over-year lawyer rate increases reaching their highest levels since 2008. The Real Rate Report, released jointly with CEB, is the legal industry’s leading publication that analyzes actual invoice data to provide benchmarks of law firm rates and uncover the drivers of the billable hour.”

Read: 2016 Real Rate Report® Shows Law Firm Rates Rising at the Fastest Pace Since the 2008 Recession

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