TMCnet News

Global Law Firm Hourly Rate Report 2023: Most Large Law Firms are Expected to Raise their Hourly Rates - ResearchAndMarkets.com

[October 05, 2022]

Global Law Firm Hourly Rate Report 2023: Most Large Law Firms are Expected to Raise their Hourly Rates - ResearchAndMarkets.com

The "Valeo 2023 Law Firm Hourly Rate Report" report has been added to ResearchAndMarkets.com's offering.

Most large law firms will raise their hourly rates in 2023

The 2023 Law Firm Hourly Rate Report is the most comprehensive and most detailed competitive intelligence and legal pricing tool available because the Report details average hourly rates by individual law firms as opposed to aggregate groupings of law firms with disparate pricing structures as is found in surveys, peer services, and e-billing reports.

This is due to several reasons:

1) large law firms continue to consolidate thereby concentrating expertise while also reducing supply

2) Billing restrictions by Corporate Counsel are still active and in place and the most effective tool for law firms to increase revenue and profitability is the hourly rate and

3) Most large law firms are very diversified in terms of practice areas and industry strength and can weather changes in the economic landscape better than smaller law firms which have fewer practice areas and more limited geographical footprints.

Key Topics Covered:

Executive Summary
Section-1: Average Rates by Revenue Groups
Section-2: Average Rates by Individual Firm

Companies Mentioned: Partial List

Akin Gump Strauss Hauer & Feld LLP
Arnold & Porter Kaye Scholer LLP
Alston & Bird LLP
Akerman LLP
Arent Fox LLP
Allen Matkins Leck Gamble Mallory & Natsis LLP
Appleby
AquaLaw PLC
Archer & Greiner, P.C.
Arrieta, Mantilla y Asociados
Atkinson, Andelson, Loya, Ruud & Romo
Baker McKenzie
Brown Rudnick LLP
Buchalter, APC
Burr & Forman LLP
Butler Snow LLP
Benesch, Friedlander, Coplan & Aronoff LLP
Buckley LLP
Babst, Calland, Clements and Zomnir, P.C.
Bailey & Glasser LLP
Bailey & Wyant PLLC
Baker Sterchi Cowden & Rice L.L.C.
Baker, Keener & Nahra, LLP
Balch & Bingham LLP
Banner & Witcoff, Ltd.
Bass Berry & Sims PLC
Bates White LLC
Boutin Jones Inc.
Bowles Rice LLP
Bowman and Brooke LLP
BraunHagey & Borden LLP
Bressler, Amery & Ross, P.C.
Brigard Urrutia Abogados S.A.S
Brown, LLC
Burke, Williams & Sorensen, LLP
Butler Weihmuller Katz Craig LLP
Butzel Long PC
Cooley LLP
Covington & Burling LLP
Carney Badley Spellman, P.S.
Carruthers & Roth, PA
Carter Ledyard & Milburn LLP
Chaffe McCall, L.L.P.
Chambliss, Bahner & Stophel, P.C.
Clark Hill Strasburger
Clyde & Co LLP
Coblentz Patch Duffy & Bass, LLP
Colantuono, Highsmith & Whatley, PC
Conyers Dill & Pearman Limited
Cranfill Sumner LLP
Crowe & Dunlevy, APC
Curtis, Mallet-Prevost, Colt & Mosle LLP
Deloitte Touche Tohmatsu Limited
Demarest Advogados
Dentons
Dentons Bingham Greenebaum LLP
Dentons Cohen & Grigsby, P.C.
Dentons Durham Jones Pinegar P.C.
Dentons Rodyk & Davidson
Derrevere Stevens Black & Cozad
Devaney Pate Morris & Cameron, LLP
E.P.Bud Kirk Law
Earthjustice
Egoscue Law Group, Inc.
Elkins, P.L.C.
Ellenoff Grossman & Schole LLP
Ellis & Winters LLP
Ellison Schneider Harris & Donlan LLP
Epiq Systems, Inc. - Epiq Corporate Restructuring, LLC
Ernst & Young Global Limited
Eversheds Sutherland
Exigent Partners, LLC
Fish & Richardson P.C.
Finnegan, Henderson, Farabow, Garrett & Dunner LLP
Foley Hoag LLP
Fisher & Phillips LLP
Frost Brown Todd LLC
FisherBroyles, LLP
Farella Braun & Martel LLP
Farley & Graves, P.C.
Fasken
Fennemore Craig, P.C.
Filarsky & Watt LLP
Fisher Rushmer, P.A.
Gibbons P.C.
Gilbert Law Group, PA
Gilbert LLP
Glaser Weil Fink Howard Avchen & Shapiro LLP
Godfrey & Kahn, S.C.
Goodmans, LLP
Grant Thornton LLP
Graves Dougherty Hearon & Moody P.C.
Graydon Head & Ritchey LLP
Greehan, Taves & Pandak, PLLC
Greenberg Costle, PC
Hahn Loeser & Parks LLP
Hall, Render, Killian, Heath & Lyman, P.C.
Hamilton Stephens Steele & Martin, PLLC
Hamilton, Miller & Birthisel, LLP
Harness, Dickey & Pierce, P.L.C.
Hartline Dacus Barger Dreyer LLP
Hawkins Delafield & Wood LLP
Hayward PLLC
Hedrick Gardner Kincheloe & Garofalo, LLP
Herbert Smith Freehills
Ivey, McClellan, Siegmund, Brumbaugh & McDonough, LLP
Jones Day
Jackson Lewis P.C.
Jenner & Block LLP
Jackson Walker LLP
Jackson Kelly PLLC
Janvier Law Firm, PLLC
Jarvis, Fay & Gibson, LLP
Jeffer Mangels Butler & Mitchell LLP
Jeffrey Leavell, S.C.
Johnson & Mulroony, P.C.
Jones Walker LLP
Kirkland & Ellis LLP
King & Spalding LLP
K&L Gates LLP
Katten Muchin Rosenman LLP
Killeen & Stern, PC
Kirton McConkie PC
Klarquist Sparkman, LLP
Kohrman Jackson & Krantz
Kolesar & Leatham, Chartered
Koley Jessen P.C., L.L.O.
KPMG International Limited
Krigel & Krigel, P.C.
Lamson Dugan & Murray LLP
Lane Powell PC
Lashly & Baer, P.C.
Law Office of Dean P. Sperling
Leason Ellis LLP
LeClairRyan PLLC
Leech Tishman Fuscaldo & Lampl, LLC
Lewis Rice LLC
Liebert Cassidy Whitmore
Lightfoot, Franklin & White LLC
Looper Goodwine P.C.
Lozano Smith
Morgan, Lewis & Bockius LLP
McGinnis Lochridge LLP
McGlinchey Stafford PLLC
McKinsey Recovery & Transformation Services U.S., LLC (affiliate of McKinsey & Company, Inc.)
McKool Smith, P.C.
Morris, Nichols, Arsht & Tunnell LLP
Motley Rice LLC
Murphy Austin Adams Schoenfeld LLP
Musick, Peeler & Garrett LLP
Norton Rose Fulbright
Nelson Mullins Riley & Scarborough LLP
Nixon Peabody LLP
Neal, Gerber & Eisenberg LLP
Nelson Mullins Broad and Cassel
Newmeyer Dillion
Nexsen Pruet
Polsinelli PC
Patterson Belknap Webb & Tyler LLP
Pryor Cashman LLP
Phelps Dunbar LLP
Porter, Wright, Morris & Arthur LLP
Procopio, Cory, Hargreaves & Savitch LLP
Pachulski Stang Ziehl & Jones LLP
Pansing Hogan Ernst & Bachman LLP
Parker Poe Adams & Bernstein LLP
Quirk & Quirk, LLC
Ropes & Gray LLP
Reed Smith LLP
Robins Kaplan LLP
Remy Moose Manley, LLP
Rhoades McKee PC
Richards Carrington, LLC
Richards, Layton & Finger, P.A.
Richards, Watson & Gershon, APC
Riemer & Braunstein LLP
Riker Danzig Scherer Hyland & Perretti LLP
Robinson, Bradshaw & Hinson, P.A.
Roetzel & Andress, LPA
Ryan Whaley Coldiron Jantzen Peters & Webber
Skadden, Arps, Slate, Meagher & Flom LLP
Sidley Austin LLP
Snell & Wilmer L.L.P.
Susman Godfrey LLP
Stinson LLP
Stroock & Stroock & Lavan LLP
Stoel Rives LLP
Saul Ewing Arnstein & Lehr LLP
Shutts & Bowen LLP
Spencer Fane LLP
Schiff Hardin LLP
Shumaker, Loop & Kendrick, LLP
Sullivan & Worcester LLP
SAC Attorneys LLP
Saltzman & Johnson Law Corporation
Sanders Bajwa LLP
Shute, Mihaly & Weinberger LLP
Sills Cummis & Gross P.C.
Sirote & Permutt, PC
Solomon Ward Seidenwurm & Smith, LLP
Somach Simmons & Dunn
Spilman Thomas & Battle, PLLC
Stearns Weaver Miller Weissler Alhadeff & Sitterson, P.A.
Steptoe & Johnson PLLC
Sterne, Kessler, Goldstein & Fox P.L.L.C.
Stikeman Elliott LLP
Stites & Harbison, PLLC
Stoll Keenon Ogden PLLC
Stradling Yocca Carlson & Rauth, P.C.
Troutman Pepper Hamilton Sanders LLP
Thompson Ostler & Olsen
Tiffany & Bosco P.A.
Torys, LLP
Traurig Law LLC
Trenam Law
Tucker Arensberg, P.C.
Turner Boyd
Ulmer & Berne LLP
Vinson & Elkins LLP
Venable LLP
Vorys, Sater, Seymour and Pease LLP
Van Ness Feldman, PC
Varnum LLP
Verrill Dana LLP
Williams & Connolly LLP
Wilson Elser Moskowitz Edelman & Dicker LLP
Winstead PC
Wiley Rein LLP
Walkers
Williams, Mullen, Clark & Dobbins, P.C.
Warner Norcross & Judd LLP
Wagner Kirkman Blaine Klomparens & Youmans, LLP
Wagner Zemming Christensen, LLP
Waldrep Wall Babcock & Bailey PLLC
Waller Lansden Dortch & Davis LLP
Walsh Pizzi O'Reilly Falanga LLP
Ward and Smith, P.A.
Watson Burns, P.L.L.C.
Wilkinson Barker Knauer, LLP
Willcox & Savage, P.C.
Wolf, Greenfield & Sacks, P.C.
Wollmuth Maher & Deutsch LLP
Wood Smith Henning & Berman LLP
Wright, Finlay & Zak, LLP
Wyrick Robbins Yates & Ponton LLP
Zimmer Kunz PLLC
Zuckerman Spaeder LLP

For more information about this report visit https://www.researchandmarkets.com/r/gmxcd0

View source version on businesswire.com: https://www.businesswire.com/news/home/20221005005755/en/

[ Back To TMCnet.com's Homepage ]