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law firm billing rates

Law Firm Profits Stabilize in Early 2025 as Trump’s Trade War Drives Late-Quarter Legal Demand

Law Firms Overcome Slow Start to 2025 Amid Global Economic Turbulence After a sluggish start to the year, U.S. law…

Biglaw Revenues Surge in Q1 2025 Despite Slowing Demand: Rate Increases Drive Financial Gains

Introduction: Revenue Up, Demand Down — A Mixed Picture for Biglaw The start of 2025 has brought a paradox for…

Law Firms Thrive Amid Policy Shifts: Revenue Growth, Challenges & Future Trends

Introduction The legal industry is experiencing a dynamic transformation as firms adapt to economic uncertainty, shifting policies, and evolving client…

Law Firm Billing Rates Escalate: The $3,000-Per-Hour Benchmark and What It Means for the Legal Industry

Introduction In a striking development for the legal industry, Quinn Emanuel Urquhart & Sullivan has set a new benchmark, charging…

Law Firms Report Strong Third-Quarter Profits in 2024: A Closer Look at the Key Factors Driving Success

Law firms across the United States are experiencing near-record profits, with an 11.2% increase in earnings in the third quarter…