Attorney Rate Increase & Law Firm Competition Report

Legal Fee Advisors' Survey Report April 2017 | Cut Legal Expenses | Reduce Legal Expenses

A summary report outlining Legal Fee Advisors’ findings from a survey conducted on attorney rate increase requests and law firm competition for 2017.

Key Points Identified:

  • Less than half of the participants of the Survey granted the rate increases requested by Outside Counsel;
  • Many of the participants who received a request for a large rate increase sought to negotiate a lower amount; and
  • Participants generally believe that Outside Counsel are willing to comply with Billing Guidelines.