The "Standard Attorney Rate and Discount Report 2017" details rate changes (up or down) and discounts offered by individual Firm, Position, Practice, City, Years 2011 - 2017 and Industry.
Large law firms typically have raised their rates the most and also discounted the most, 2 steps forward and 1 step back strategy. This changed in 2016 and 2017 with the lowest discounting by the large law firms since 2011. Smaller firms, as measured by firms smaller than the top 200, however, had the largest discounts which indicates the difficulty they have in maintaining their rates in a competitive market, according to the report.
Key Topics Covered:
1) Overall Standard and Billed Rates and Discount by Firm Revenue Rank (AMLAW 1 - 200 and Non-AMLAW)
2) Overall Standard and Billed Rates and Discount by Practice by Revenue Rank
3) Standard and Billed Rates and Discount by Individual Firm
4) Standard and Billed Rates and Discount by Individual Firm and Practice Area.
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