Biglaw Prepares For Record Billable Rate Increase, Despite A Drop In Demand


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Ed. Note: Welcome to our daily feature Trivia Question of the Day!

According to Wells Fargo’s Legal Specialty Group survey of more than 120 firms, Biglaw firms are planning on increasing billing rates by what percentage — the highest rate increase in the history of the survey?

Hint: This is despite a demand drop of 1.1% through the first nine months of this year.

See the answer on the next page.



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