Two articles with vastly different headlines:
‘As Law Firms Push Aggressive Rate Increases, Clients Have Room to Negotiate‘ by Andrew Maloney in the American Lawyer, and
‘Almost half of US lawyers see no rate increases in 2022, Wolters Kluwer report shows‘ by Ben Edwards* in The Global Legal Post
In the first article:
the mean rate increase across law firm segments last year was around 5.6%.
In the second article:
Some 27% of law firm timekeepers saw no increase, while 13% saw average rates go down
So what’s the problem?
Well here it is: both articles are written from the same underlying source material – the recently published Wolters Kluwer’s LegalVIEW Insights report.
As usual comments are my own.
- disclosure: I know Ben Edwards and he is a fine journalist (which is not to say that Andrew Maloney isn’t, just that I don’t know Andrew).