Error: INTERNAL_ERROR for d3c8f7ab-b264-c143-6d02-57865b2b7e97: {"response":{"errors":[{"message":"INTERNAL_ERROR for d3c8f7ab-b264-c143-6d02-57865b2b7e97","locations":[{"line":74,"column":7}],"path":["youmightlike"],"extensions":{"classification":"INTERNAL_ERROR"}}],"data":{"articleData":{"uri":"/2024/05/01/am-law-100-insights-how-much-do-realization-rates-actually-matter/","canonicalUrl":"https://www.lawjournalnewsletters.com/2024/05/01/am-law-100-insights-how-much-do-realization-rates-actually-matter/","generatedId":"glf45hdmed","naturalId":"blogAndPostId/blog/post/382-40910","type":"ARTICLE","postFormat":"news","kickerPresentedBy":null,"presentedBy":"","title":"Am Law 100 Insights: How Much Do Realization Rates Actually Matter?","readtime":"9","timeToRead":"9 minute","prettyModified":null,"prettyDateTime":"May 01, 2024 at 12:05 AM","needToKnow":[],"byline":"Andrew Maloney","authors":[{"name":"Andrew Maloney","description":"I'm a Chicago-based reporter covering the business of law, focusing on national and global law firms for The American Lawyer, Law.com and other ALM publications. Reach out: amaloney@alm.com.\r\n\r\n \r\n\r\n ","imageLarge":"https://secure.gravatar.com/avatar/a8b1d321e234380f3585d853648ae753?s=136&d=mm&r=g","webUrl":"/author/profile/andrew-maloney/"}],"publication":"Law Journal Newsletters","kicker":"Features","kickerNode":[{"name":"Features","slug":"features-kicker","uri":"/features/","sectionName":"Features"}],"prettyDate":"May 01, 2024","pubDate":"2024-05-01 00:05:45.000","modifiedDate":"2024-05-01 00:15:01:484","isDownload":"false","primaryCategory":{"channelName":"","sectionName":"","name":"","uri":"","slug":"","channelUri":""},"tags":[],"image":{"uri":"https://images.lawjournalnewsletters.com/contrib/content/uploads/sites/382/2024/04/AmLaw100_2024.jpg","width":"620","height":"372"},"embed1":"","embed2":"","summary":"In 2023, Am Law 100 firms saw their lowest realization rates in five years. Despite the lower realization, the industry appears to have had a better financial year in 2023 compared with 2022. So how much do realization rates actually matter?","categories":[{"name":"Features","uri":"/features/","channelName":"Kicker"},{"name":"Accounting and Financial Planning for Law Firms","uri":"/ljn-newsletters/accounting-and-financial-planning-for-law-firms/","channelName":"LJN Newsletters"},{"name":"Law Firm Financials","uri":"/law-firm-financials/","channelName":"Topics"},{"name":"Law Firm Management","uri":"/law-firm-management/","channelName":"Topics"}],"bodyArray":["

During the pandemic era, it may have been easy to assume high realization rates were going to be a part of the \"new normal.\" Firm leaders saw the benefits firsthand in 2020 and 2021, when transactional demand soared and lawyers working remotely were more diligent in their billing practices and better able to reap the benefits. Plus, firms for years have been adding business professionals to help them make the most of their pricing strategies.

","

But in 2023, Am Law 100 firms saw their lowest realization rates in five years, according to The American Lawyer survey data. The average rate was 80.93%, down from 82.2% in 2022 and 83.11% in 2021, when industry observers expressed hope that firms would remain vigilant about collections for their own sake. The median rate followed a similar course, decreasing from 83% in 2021, to 81.2% and most recently, 79.65%.

"],"altLangHeadline":"","altLangBodyArray":[],"slides":[]},"youmightlike":null,"readnext":{"contents":[{"uri":"/2016/08/01/the-article-8-opt-in-2/","title":"The Article 8 Opt In","prettyDate":"","summary":"The Article 8 opt-in election adds an additional layer of complexity to the already labyrinthine rules governing perfection of security interests under the UCC. A lender that is unaware of the nuances created by the opt in (may find its security interest vulnerable to being primed by another party that has taken steps to perfect in a superior manner under the circumstances.","description":"The Article 8 opt-in election adds an additional layer of complexity to the already labyrinthine rules governing perfection of security interests under the UCC. A lender that is unaware of the nuances created by the opt in (may find its security interest vulnerable to being primed by another party that has taken steps to perfect in a superior manner under the circumstances.","kicker":"","image":{"uri":"https://feature.law.com/environments/stage/static/default-article-image.png","width":"0","height":"0"},"primaryCategory":{"name":"","uri":"","channelName":"","channelUri":""},"publication":"Law Journal Newsletters"},{"uri":"/2013/02/28/major-differences-in-uk-u-s-copyright-laws/","title":"Major Differences In UK, U.S. Copyright Laws","prettyDate":"","summary":"This article highlights how copyright law in the United Kingdom differs from U.S. copyright law, and points out differences that may be crucial to entertainment and media businesses familiar with U.S law that are interested in operating in the United Kingdom or under UK law. The article also briefly addresses contrasts in UK and U.S. trademark law.","description":"This article highlights how copyright law in the United Kingdom differs from U.S. copyright law, and points out differences that may be crucial to entertainment and media businesses familiar with U.S law that are interested in operating in the United Kingdom or under UK law. The article also briefly addresses contrasts in UK and U.S. trademark law.","kicker":"","image":{"uri":"https://feature.law.com/environments/stage/static/default-article-image.png","width":"","height":""},"primaryCategory":{"name":"","uri":"","channelName":"","channelUri":""},"publication":"Law Journal Newsletters"},{"uri":"/2019/10/01/legal-possession-what-does-it-mean/","title":"Legal Possession: What Does It Mean?","prettyDate":"","summary":"Possession of real property is a matter of physical fact. Having the right or legal entitlement to possession is not \"possession,\" possession is \"the fact of having or holding property in one's power.\" That power means having physical dominion and control over the property.","description":"Possession of real property is a matter of physical fact. Having the right or legal entitlement to possession is not \"possession,\" possession is \"the fact of having or holding property in one's power.\" That power means having physical dominion and control over the property.","kicker":"Features","image":{"uri":"https://images.lawjournalnewsletters.com/contrib/content/uploads/sites/382/2019/09/house_key.jpg","width":"616","height":"372"},"primaryCategory":{"name":"","uri":"","channelName":"","channelUri":""},"publication":"Law Journal Newsletters"},{"uri":"/2024/08/01/warehouse-liability-know-before-you-stow/","title":"Warehouse Liability: Know Before You Stow!","prettyDate":"August 01, 2024","summary":"As consumers continue to shift purchasing and consumption habits in the aftermath of the pandemic, manufacturers are increasingly reliant on third-party logistics and warehousing to ensure their products timely reach the market.","description":"As consumers continue to shift purchasing and consumption habits in the aftermath of the pandemic, manufacturers are increasingly reliant on third-party logistics and warehousing to ensure their products timely reach the market.","kicker":"Features","image":{"uri":"https://images.lawjournalnewsletters.com/contrib/content/uploads/sites/382/2024/07/warehouse2.jpg","width":"620","height":"372"},"primaryCategory":{"name":"","uri":"","channelName":"","channelUri":""},"publication":"Law Journal Newsletters"},{"uri":"/2021/08/01/strategy-vs-tactics-two-sides-of-a-difficult-coin/","title":"Strategy vs. Tactics: Two Sides of a Difficult Coin","prettyDate":"August 01, 2021","summary":"With each successive large-scale cyber attack, it is slowly becoming clear that ransomware attacks are targeting the critical infrastructure of the most powerful country on the planet. Understanding the strategy, and tactics of our opponents, as well as the strategy and the tactics we implement as a response are vital to victory.","description":"With each successive large-scale cyber attack, it is slowly becoming clear that ransomware attacks are targeting the critical infrastructure of the most powerful country on the planet. Understanding the strategy, and tactics of our opponents, as well as the strategy and the tactics we implement as a response are vital to victory.","kicker":"Features","image":{"uri":"https://images.lawjournalnewsletters.com/contrib/content/uploads/sites/382/2021/07/strategy4.jpg","width":"616","height":"372"},"primaryCategory":{"name":"","uri":"","channelName":"","channelUri":""},"publication":"Law Journal Newsletters"}]}},"extensions":{"DateTime":"2025-06-14T11:49:00.356822022","ResponseTime":"?","AuthorizedUser":false,"AlmContext":"AlmContext{clientIP='10.0.253.239', internalIP='true', origin='', authorizedUser='false', Chinchilla, userAccount='null', UCID=null, ipAccount='null'}","NavServiceResponse":{"message":"Show a wall","action":"show wall","data":"PayWallExcludedClient","placResultsPublic":{"overallContentType":"ExcludedContent","userState":"DENYNOSUB","showWall":"PayWallExcludedClient","userAccess":"0","referrer":"","userAccessCookie":null,"productList":"","contentMetaData":"

ARTICLE/2024/05/01/am-law-100-insights-how-much-do-realization-rates-actually-matter/Law Journal Newsletters2024-05-01 00:05:45

Law Journal Newsletters

Features

Accounting and Financial Planning for Law Firms

Law Firm Financials

Law Firm Management

","numberOfViewsLeft":0,"numberOfFCFViewsLeft":0,"decisionEngine":"RidgeRunner","rulesFiredString":"[]","contentProductCodes":"[\"ljnaf\",\"//ljnaf\"]"}},"DebuggingData":null,"UsedCache":"true","DataUrl":"http://ml.alm.com:9016/bff-services/content/get-you-may-like-for-content.xqy?naturalId=/2024/05/01/am-law-100-insights-how-much-do-realization-rates-actually-matter&site=www.lawjournalnewsletters.com&total="},"status":200,"headers":{}},"request":{"query":"query LawJournalNewsletterscom__Article{articleData:\n getContent(naturalId: \"/2024/05/01/am-law-100-insights-how-much-do-realization-rates-actually-matter\", site:\"lawjournalnewsletters.com\") {\n uri\n canonicalUrl\n generatedId\n naturalId\n type\n postFormat\n kickerPresentedBy {\n \t\t label\n \t\t value\n \t\t}\n presentedBy\n title\n readtime\n timeToRead\n prettyModified\n prettyDateTime\n needToKnow\n byline\n authors {\n name\n description\n imageLarge\n webUrl\n }\n publication\n kicker\n kickerNode {\n name\n slug\n uri\n sectionName\n }\n prettyDate\n prettyDateTime\n pubDate\n modifiedDate\n isDownload\n primaryCategory {\n channelName\n sectionName\n name\n uri\n slug\n channelUri\n }\n tags\n image {\n uri\n width\n height\n }\n embed1\n embed2\n summary\n categories {\n name\n uri\n channelName\n }\n bodyArray\n altLangHeadline\n altLangBodyArray\n slides {\n image\n caption\n height\n width\n }\n\n\n }\n youmightlike:\n getYouMayLikeForContent(naturalId: \"/2024/05/01/am-law-100-insights-how-much-do-realization-rates-actually-matter\", site:\"lawjournalnewsletters.com\") {\n uri\n title\n byline\n authors {\n name\n description\n imageLarge\n webUrl\n jobTitle\n }\n prettyDate\n readtime\n image {\n uri\n width\n height\n }\n summary\n }\n readnext:\n getStatsList(site:\"lawjournalnewsletters.com\", topic: \"\", limit: 5, timeframe: \"30days\" ) {\n contents {\n uri\n title\n prettyDate\n summary\n description\n kicker\n image {\n uri\n width\n height\n }\n primaryCategory {\n name\n uri\n channelName\n channelUri\n }\n publication\n }\n\n }\n }"}}

Law.com Subscribers SAVE 30%