Hourly Rate Report for Global Law Firms 2023: Average Rates by Revenue

DUBLIN, Oct. 3, 2022 (GLOBE NEWSWIRE) — The “Valeo 2023 Law Firm Hourly Rate Report” Report has been added ResearchAndMarkets.com Offer.

Most large law firms will increase their hourly rates in 2023

The 2023 Law Firm Hourly Rate Report is the most comprehensive and detailed tool for competitive intelligence and legal pricing because the report details the average hourly rates of individual law firms versus aggregate groupings of law firms with different pricing structures as found in surveys. Peer Services and E-Billing Reports.

There are several reasons for this:

1) Large law firms continue to consolidate, pooling expertise while reducing supply
2) Corporate Counsel billing restrictions are still active and in effect, and the most effective tool for law firms to increase revenue and profitability is the hourly rate and
3) Most large law firms are highly diversified in terms of practice areas and industry strength and are more resilient to changes in the economic landscape than smaller law firms, which have fewer practice areas and a more limited geographic footprint.

Main topics covered:

  • summary
  • Section-1: Average Rates by Income Groups
  • Section-2: Average prices by individual company

Companies Mentioned: Partial List

  • Akin Gump Strauss Hauer & Feld LLP
  • Arnold & Porter Kaye Scholer LLP
  • Alston & Bird LLP
  • Akerman LLP
  • Arent Fox LLP
  • Allen Matkins Leak Gamble Mallory & Natsis LLP
  • Appleby
  • Aqua Law PLC
  • Archer & Greiner, PC
  • Arrieta, Mantilla and associates
  • Atkinson, Andelson, Attorneys at Law, Rudd & Romo
  • Baker McKenzie
  • Braun Rudnick LLP
  • Buchalter, APC
  • Burr & Forman LLP
  • Butler Snow LLP
  • Benesch, Friedlander, Coplan & Aronoff LLP
  • Buckley LLP
  • Babst, Calland, Clements and Zomnir, PC
  • Bailey & Glasser LLP
  • Bailey & Wyant PLC
  • Baker Sterchi Cowden & Rice LLC
  • Baker, Keener & Nahra, LLP
  • Balch & Bingham LLP
  • Banner & Witcoff, Ltd.
  • Bass Berry & Sims PLC
  • Bates White LLC
  • Boutin Jones Inc.
  • Bowles Reis LLP
  • Bowman and Brooke LLP
  • BraunHagey & Borden LLP
  • Bressler, Amery & Ross, PC
  • Brigard Urrutia…


Read full story here https://www.benzinga.com/pressreleases/22/10/g29113632/global-law-firm-hourly-rate-report-2023-average-rates-by-revenue-groups-average-rates-by-individua