When an East Coast law firm ignored a client’s suggestion and announced a nearly double-digit percentage billable hour rate hike for this year, the customer shifted some of its business elsewhere.

Why Do Attorneys Bill in Increments? Billing in increments is standard practice for practical reasons. Billing by the minute or just a few minutes is difficult to track and time-consuming, not to ...

Jan 7 (Reuters) - Strong demand across practice areas, higher billing rates and the expansion of non-equity partner tiers helped bolster law firm profits in 2024, according to a new analysis, opens ...

Nov 16 (Reuters) - Large U.S. law firms are entering year-end bonus season after growing their revenues close to 5% on average through the third quarter, buoyed by fast-growing lawyer billing rates ...