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Billing Rates Have Increased, But Not Enough to Beat Inflation

Law firm billing rates have increased across all law positions in 2022, but not necessarily enough to keep pace with inflation. That's according to news reports that point to some more challenges for law firm profits.

4 minute read November 01, 2022 at 12:03 AM
By
Andrew Maloney
Billing Rates Have Increased, But Not Enough to Beat Inflation

Law firm billing rates have increased across all law positions in 2022, but not necessarily enough to keep pace with inflation.

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The Copyright Royalty Board (CRB), which works under the umbrella of the Librarian of Congress, sets statutory-license royalty terms and rates. The U.S. Courts of Appeals for the D.C. Circuit recently issued two notable decisions about the CRB.

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