“I know there’s been a gradual movement away from using hourly rates, but we’re never gonna see 50% of the market being billed under AFAs,” LexisNexis report author Kris Satkunas said.
June 30, 2021 at 09:00 AM
2 minute read
In 2020, hourly rates for outside counsel not only increased, but increased more than they had in previous years.
The 2021 Enterprise Legal Management Trends Report, released Wednesday morning by LexisNexis CounselLink, found that partner hourly rates in 2020 were 3.5% higher than 2019 rates, on average.
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