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Read This Before You Set Your 2018 Billing Rates

Setting the next year's billing rates follows a simple formula at most firms: last year's rate plus a common percentage increase across all lawyer cohorts. A more disaggregated approach is needed -- firms should set higher percentage increases for senior lawyers and lower increases for junior lawyers.

7 minute read November 02, 2017 at 12:04 AM
By
Hugh A. Simons
Read This Before You Set Your 2018 Billing Rates

Setting the next year's billing rates follows a simple formula at most firms: last year's rate plus a common percentage increase across all lawyer cohorts. A more disaggregated approach is needed.

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