Jan 7 (Reuters) - Strong demand across practice areas, higher billing rates and the expansion of non-equity partner tiers helped bolster law firm profits in 2024, according to a new analysis, opens ...

(Billable Hours is Reuters' weekly report on lawyers and money. Please send tips or suggestions to [email protected]) ...

More big firms are going to approach hourly rates of $3,000 for partners and $1,000 for associates, according to new data from Valeo Partners. Am Law 25 to 30 firms will have standard rate increases ...

According to Am Law data, firms expecting to increase rates by 7% to 9% this year are almost evenly split between the First Hundred and Second Hundred. For the full 2025 Am Law 200 report, click here.