LegalFebruary 07, 2023

Report: LegalVIEW Insights volume 2023-1: Law firm rate increases

Legal business publications in 2022 were replete with reports of huge hourly rate increase requests from firms that left buyers "surprised, angry, and dismayed."

This marked the end of a period of a decade or more where law firms had been content with relatively modest rate increases, and the topic of rate management had therefore become largely neglected.

Our report shows that over the last two years, law departments were unprepared for something that was reasonably foreseeable: That demand would spike and trigger large rate increases from firms.

Want to check out other LegalVIEW Insights reports? Click here to access our full series.

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Nathan Cemenska
Director of Legal Operations and Industry Insights

Nathan Cemenska, JD/MBA, is the Director of Legal Operations and Industry Insights at Wolters Kluwer ELM Solutions.

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LegalVIEW Insights Series
An ongoing series of blogs, webinars, and content covering emerging trends from the LegalVIEW Data Warehouse – the largest legal spend database with over $160B in invoices
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