[March 13, 2024]

Legal Industry Analysis Database 2024: Law Firm Hourly Rate Pricing for 525 Firms - ResearchAndMarkets.com

The "Valeo 2024 Law Firm Hourly Rate Report" report has been added to ResearchAndMarkets.com's offering.

The definitive legal sector benchmarking tool has arrived with the release of the 2024 Law Firm Hourly Rate Report. This database presents a thorough analysis of the current and forecasted hourly rates within the legal industry. As the legal landscape continues to evolve, stakeholders in the legal sector are provided with an unparalleled level of detail and insight into the pricing strategies employed by leading law firms.

Implications for the Legal Industry

The insights garnered from the 2024 Law Firm Hourly Rate Report are set to guide law firms, legal departments, and industry analysts in their strategic planning and decision-making processes. This report empowers users with data-driven knowledge to address the competitive demands of the legal marketplace and remain at the forefront of pricing strategy and practice management.

As law firms prepare to navigate 2024, the comprehensive data found within this report will serve as an essential component in understanding and responding to the dynamic forces shaping legal services pricing.

Key Findings from the Report

• Consolidation within large law firms is resulting in reduced supply and potential hourly rate increases.
• Corporate Counsel billing restrictions remain the most potent tool for law firms looking to bolster revenue via hourly rates.
• Diverse practice areas and industry strengths empower large firms to navigate the economic landscape effectively, contrasting with the limited scope of smaller practices.

This valuable resource offers a granular view of hourly rates by individual law firms, providing an edge over typical aggregated data. 

• Historical hourly rates for the years 2019 through 2023.
• Projected hourly rates for 2024 based on actual billed data and long-term agreements.

A Selection of Firms Featured

• Adams and Reese LLP
• Adler Pollock & Sheehan PC
• Akerman LLP
• Akin Gump Strauss Hauer & Feld LLP
• Aleshire & Wynder, LLP
• Allen & Overy LLP
• Allen Matkins Leck Gamble Mallory & Natsis LLP
• Alston & Bird LLP
• AlvaradoSmith, APC
• Babst, Calland, Clements and Zomnir, P.C.
• Bailey & Glasser LLP
• Bailey & Wyant PLLC
• Baker & Hostetler LLP
• Baker Botts LLP
• Baker McKenzie
• Baker Sterchi Cowden & Rice L.L.C.
• Baker, Donelson, Bearman, Caldwell & Berkowitz, PC
• Baker, Keener & Nahra, LLP
• Balch & Bingham LLP
• Ballard Spahr LLP
• Banner & Witcoff, Ltd.
• Barnes & Thornburg LLP
• Best Best & Krieger LLP
• Bowman and Brooke LLP
• Bracewell LLP
• Bradley Arant Boult Cummings LLP
• BraunHagey & Borden LLP
• Butler Snow LLP
• Butler Weihmuller Katz Craig LLP
• Butzel Long PC
• Cader Adams LP
• Cadwalader, Wickersham & Taft LLP
• Cahill Godon & Reindel LLP
• Calfee, Halter & Griswold LLP
• Caplin & Drysdale, Chartered
• Carlton Fields, P.A.
• Carmody Torrance Sandak & Hennessey, LLP
• Carney Badley Spellman, P.S.
• Carruthers & Roth, PA
• Carter Ledyard & Milburn LLP
• Davis Polk & Wardwell LLP
• Davis Wright Tremaine LLP
• Day Pitney LLP
• Debevoise & Plimpton LLP
• DLA Piper LLP (US)
• DOAR, Inc.
• Dorsey & Whitney LLP
• Downey Brand LLP
• Drummond Woodsum & MacMahon, P.A.
• Duane Morris LLP
• Duncan & Allen
• Farley & Graves, P.C.
• Fasken
• Fennemore Craig, P.C.
• Fenwick & West LLP
• Filarsky & Watt LLP
• Frankfurt Kurnit Klein & Selz, P.C.
• Fraser Stryker PC LLO
• Fredrikson & Byron, P.A.
• Freeman Mathis & Gary LLP
• Freshfields Bruckhaus Deringer
• Fried, Frank, Harris, Shriver & Jacobson LLP
• Frost Brown Todd LLC
• FTI Consulting
• Fultz Maddox Dickens PLC
• Galloway, Johnson, Tompkins, Burr & Smith
• Geary, Porter & Donovan, P.C.
• Graves Dougherty Hearon & Moody P.C.
• Graydon Head & Ritchey LLP
• GrayRobinson, P.A.
• Greehan, Taves & Pandak, PLLC
• Higgs & Johnson
• Hinckley, Allen & Snyder LLP
• Hinshaw & Culbertson LLP
• Hodgson Russ LLP
• Hogan Lovells LLP
• Holland & Hart LLP
• Holland & Knight LLP
• Homer Bonner Jacob Ortiz
• Honigman LLP
• Hood Law Firm, LLC
• Jackson Walker LLP
• Janvier Law Firm, PLLC
• Jarvis, Fay & Gibson, LLP
• Jeffer Mangels Butler & Mitchell LLP
• Jeffrey Leavell, S.C.
• Jenner & Block LLP
• Johnson & Mulroony, P.C.
• Jones Day
• Kidman Gagen Law, LLP
• Killeen & Stern, PC
• Kilpatrick Townsend & Stockton LLP
• King & Spalding LLP
• Kirkland & Ellis LLP
• Kirton McConkie PC
• Klarquist Sparkman, LLP
• Knobbe Martens
• Kobre & Kim L.L.P.
• Kohrman Jackson & Krantz
• Kolesar & Leatham, Chartered
• Koley Jessen P.C., L.L.O.
• KPMG International Limited
• Latham & Watkins LLP
• Lathrop GPM LLP
• Law Office of Dean P. Sperling
• Leason Ellis LLP
• LeClairRyan PLLC
• Leech Tishman Fuscaldo & Lampl, LLC
• Lewis Brisbois Bisgaard & Smith LLP
• Lewis Rice LLC
• Lewis Roca Rothgerber Christie LLP
• Liebert Cassidy Whitmore
• Massey & Gail LLP
• Mayer Brown LLP
• Maynard Cooper & Gale PC
• McCalla Raymer Leibert Pierce, LLC
• McCarter & English, LLP
• McDermott Will & Emery LLP
• McDonald Hopkins LLC
• McGinnis Lochridge LLP
• McGlinchey Stafford PLLC
• McGuireWoods LLP
• McKinsey Recovery & Transformation Services U.S., LLC (affiliate of McKinsey & Company, Inc.)
• McKool Smith, P.C.
• Meyer, Unkovic & Scott, L.L.P.
• Mitchell Silberberg & Knupp LLP
• Modrall, Sperling, Roehl, Harris & Sisk, P.A.
• Morris, Nichols, Arsht & Tunnell LLP
• Nixon Peabody LLP
• Northen Blue, LLP
• Norton Rose Fulbright
• Nossaman LLP
• Nutter McClennen & Fish LLP
• Nyemaster Goode, P.C.
• O'Melveny & Myers LLP
• Offit Kurman, P.A.
• Ogletree, Deakins, Nash, Smoak & Stewart, P.C.
• Orrick, Herrington & Sutcliffe LLP
• Phelps Dunbar LLP
• Phillips Lytle LLP
• Pierce Atwood LLP
• Pillsbury & Coleman, LLP
• Pillsbury Winthrop Shaw Pittman LLP
• Pirkey Barber PLLC
• Pittman, Dutton, Hellums, Bradley & Mann, P.C.
• Plunkett Cooney, P.C.
• Polsinelli PC
• Ray Quinney & Nebeker P.C.
• Rayburn Cooper & Durham, P.A.
• Reed Smith LLP
• Reid Collins & Tsai LLP
• Sands Anderson PC
• Saul Ewing Arnstein & Lehr LLP
• Scarborough & Fulton
• Schiff Hardin LLP
• Schulte Roth & Zabel LLP
• Seder & Chandler, LLP
• Severson & Werson
• Sirote & Permutt, PC
• Skadden, Arps, Slate, Meagher & Flom LLP
• Snell & Wilmer L.L.P.
• Solomon Ward Seidenwurm & Smith, LLP
• Somach Simmons & Dunn
• Spencer Fane LLP
• Spilman Thomas & Battle, PLLC
• Squire Patton Boggs
• Thompson Ostler & Olsen
• Tiffany & Bosco P.A.
• Torys, LLP
• Traurig Law LLC
• Trenam Law
• Troutman Pepper Hamilton Sanders LLP
• Tucker Arensberg, P.C.
• Tucker Ellis LLP
• Turner Boyd
• Ulmer & Berne LLP
• Van Ness Feldman, PC
• Varnum LLP
• Venable LLP
• Verrill Dana LLP
• Vinson & Elkins LLP
• Vorys, Sater, Seymour and Pease LLP
• Wachtell, Lipton, Rosen & Katz
• Wagner Kirkman Blaine Klomparens & Youmans, LLP
• Wagner Zemming Christensen, LLP
• White & Case LLP
• White and Williams LLP
• Zimmer Kunz PLLC
• Zuckerman Spaeder LLP

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