The National Law Journal 2010 Law Firm Billing Survey reports a 2.7% increase in average firm-wide billing rates over 2009 in the 250 largest U.S. law firms. This is a significant departure from larger annual, pre-recession increases.
Wage Growth Is Dependent on Revenue/Profit Growth
If the author were planning how to approach the new decade, he would take a holistic view of revamping the law firm: pushing forward initiatives in alternative fee arrangements, extensive deployment of intelligent technology tools and restructuring of the service delivery model.
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James D. CottermanThis premium content is locked for Accounting and Financial Planning for Law Firms subscribers only
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