Global Law Firm Hourly Rate Report 2023: Most Large Law Firms are Expected to Raise their Hourly Rates - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--Oct 5, 2022--

The "Valeo 2023 Law Firm Hourly Rate Report" report has been added to ResearchAndMarkets.com's offering.

Most large law firms will raise their hourly rates in 2023

The 2023 Law Firm Hourly Rate Report is the most comprehensive and most detailed competitive intelligence and legal pricing tool available because the Report details average hourly rates by individual law firms as opposed to aggregate groupings of law firms with disparate pricing structures as is found in surveys, peer services, and e-billing reports.

This is due to several reasons:

1) large law firms continue to consolidate thereby concentrating expertise while also reducing supply

2) Billing restrictions by Corporate Counsel are still active and in place and the most effective tool for law firms to increase revenue and profitability is the hourly rate and

3) Most large law firms are very diversified in terms of practice areas and industry strength and can weather changes in the economic landscape better than smaller law firms which have fewer practice areas and more limited geographical footprints.

Key Topics Covered:

• Executive Summary
• Section-1: Average Rates by Revenue Groups
• Section-2: Average Rates by Individual Firm

Companies Mentioned: Partial List

• Akin Gump Strauss Hauer & Feld LLP
• Arnold & Porter Kaye Scholer LLP
• Alston & Bird LLP
• Akerman LLP
• Arent Fox LLP
• Allen Matkins Leck Gamble Mallory & Natsis LLP
• Appleby
• AquaLaw PLC
• Archer & Greiner, P.C.
• Arrieta, Mantilla y Asociados
• Atkinson, Andelson, Loya, Ruud & Romo
• Baker McKenzie
• Brown Rudnick LLP
• Buchalter, APC
• Burr & Forman LLP
• Butler Snow LLP
• Benesch, Friedlander, Coplan & Aronoff LLP
• Buckley LLP
• Babst, Calland, Clements and Zomnir, P.C.
• Bailey & Glasser LLP
• Bailey & Wyant PLLC
• Baker Sterchi Cowden & Rice L.L.C.
• Baker, Keener & Nahra, LLP
• Balch & Bingham LLP
• Banner & Witcoff, Ltd.
• Bass Berry & Sims PLC
• Bates White LLC
• Boutin Jones Inc.
• Bowles Rice LLP
• Bowman and Brooke LLP
• BraunHagey & Borden LLP
• Bressler, Amery & Ross, P.C.
• Brigard Urrutia Abogados S.A.S
• Brown, LLC
• Burke, Williams & Sorensen, LLP
• Butler Weihmuller Katz Craig LLP
• Butzel Long PC
• Cooley LLP
• Covington & Burling LLP
• Carney Badley Spellman, P.S.
• Carruthers & Roth, PA
• Carter Ledyard & Milburn LLP
• Chaffe McCall, L.L.P.
• Chambliss, Bahner & Stophel, P.C.
• Clark Hill Strasburger
• Clyde & Co LLP
• Coblentz Patch Duffy & Bass, LLP
• Colantuono, Highsmith & Whatley, PC
• Conyers Dill & Pearman Limited
• Cranfill Sumner LLP
• Crowe & Dunlevy, APC
• Curtis, Mallet-Prevost, Colt & Mosle LLP
• Deloitte Touche Tohmatsu Limited
• Demarest Advogados
• Dentons
• Dentons Bingham Greenebaum LLP
• Dentons Cohen & Grigsby, P.C.
• Dentons Durham Jones Pinegar P.C.
• Dentons Rodyk & Davidson
• Derrevere Stevens Black & Cozad
• Devaney Pate Morris & Cameron, LLP
• E.P. Bud Kirk Law
• Earthjustice
• Egoscue Law Group, Inc.
• Elkins, P.L.C.
• Ellenoff Grossman & Schole LLP
• Ellis & Winters LLP
• Ellison Schneider Harris & Donlan LLP
• Epiq Systems, Inc. - Epiq Corporate Restructuring, LLC
• Ernst & Young Global Limited
• Eversheds Sutherland
• Exigent Partners, LLC
• Fish & Richardson P.C.
• Finnegan, Henderson, Farabow, Garrett & Dunner LLP
• Foley Hoag LLP
• Fisher & Phillips LLP
• Frost Brown Todd LLC
• FisherBroyles, LLP
• Farella Braun & Martel LLP
• Farley & Graves, P.C.
• Fasken
• Fennemore Craig, P.C.
• Filarsky & Watt LLP
• Fisher Rushmer, P.A.
• Gibbons P.C.
• Gilbert Law Group, PA
• Gilbert LLP
• Glaser Weil Fink Howard Avchen & Shapiro LLP
• Godfrey & Kahn, S.C.
• Goodmans, LLP
• Grant Thornton LLP
• Graves Dougherty Hearon & Moody P.C.
• Graydon Head & Ritchey LLP
• Greehan, Taves & Pandak, PLLC
• Greenberg Costle, PC
• Hahn Loeser & Parks LLP
• Hall, Render, Killian, Heath & Lyman, P.C.
• Hamilton Stephens Steele & Martin, PLLC
• Hamilton, Miller & Birthisel, LLP
• Harness, Dickey & Pierce, P.L.C.
• Hartline Dacus Barger Dreyer LLP
• Hawkins Delafield & Wood LLP
• Hayward PLLC
• Hedrick Gardner Kincheloe & Garofalo, LLP
• Herbert Smith Freehills
• Ivey, McClellan, Siegmund, Brumbaugh & McDonough, LLP
• Jones Day
• Jackson Lewis P.C.
• Jenner & Block LLP
• Jackson Walker LLP
• Jackson Kelly PLLC
• Janvier Law Firm, PLLC
• Jarvis, Fay & Gibson, LLP
• Jeffer Mangels Butler & Mitchell LLP
• Jeffrey Leavell, S.C.
• Johnson & Mulroony, P.C.
• Jones Walker LLP
• Kirkland & Ellis LLP
• King & Spalding LLP
• K&L Gates LLP
• Katten Muchin Rosenman LLP
• Killeen & Stern, PC
• Kirton McConkie PC
• Klarquist Sparkman, LLP
• Kohrman Jackson & Krantz
• Kolesar & Leatham, Chartered
• Koley Jessen P.C., L.L.O.
• KPMG International Limited
• Krigel & Krigel, P.C.
• Lamson Dugan & Murray LLP
• Lane Powell PC
• Lashly & Baer, P.C.
• Law Office of Dean P. Sperling
• Leason Ellis LLP
• LeClairRyan PLLC
• Leech Tishman Fuscaldo & Lampl, LLC
• Lewis Rice LLC
• Liebert Cassidy Whitmore
• Lightfoot, Franklin & White LLC
• Looper Goodwine P.C.
• Lozano Smith
• Morgan, Lewis & Bockius LLP
• McGinnis Lochridge LLP
• McGlinchey Stafford PLLC
• McKinsey Recovery & Transformation Services U.S., LLC (affiliate of McKinsey & Company, Inc.)
• McKool Smith, P.C.
• Morris, Nichols, Arsht & Tunnell LLP
• Motley Rice LLC
• Murphy Austin Adams Schoenfeld LLP
• Musick, Peeler & Garrett LLP
• Norton Rose Fulbright
• Nelson Mullins Riley & Scarborough LLP
• Nixon Peabody LLP
• Neal, Gerber & Eisenberg LLP
• Nelson Mullins Broad and Cassel
• Newmeyer Dillion
• Nexsen Pruet
• Polsinelli PC
• Patterson Belknap Webb & Tyler LLP
• Pryor Cashman LLP
• Phelps Dunbar LLP
• Porter, Wright, Morris & Arthur LLP
• Procopio, Cory, Hargreaves & Savitch LLP
• Pachulski Stang Ziehl & Jones LLP
• Pansing Hogan Ernst & Bachman LLP
• Parker Poe Adams & Bernstein LLP
• Quirk & Quirk, LLC
• Ropes & Gray LLP
• Reed Smith LLP
• Robins Kaplan LLP
• Remy Moose Manley, LLP
• Rhoades McKee PC
• Richards Carrington, LLC
• Richards, Layton & Finger, P.A.
• Richards, Watson & Gershon, APC
• Riemer & Braunstein LLP
• Riker Danzig Scherer Hyland & Perretti LLP
• Robinson, Bradshaw & Hinson, P.A.
• Roetzel & Andress, LPA
• Ryan Whaley Coldiron Jantzen Peters & Webber
• Skadden, Arps, Slate, Meagher & Flom LLP
• Sidley Austin LLP
• Snell & Wilmer L.L.P.
• Susman Godfrey LLP
• Stinson LLP
• Stroock & Stroock & Lavan LLP
• Stoel Rives LLP
• Saul Ewing Arnstein & Lehr LLP
• Shutts & Bowen LLP
• Spencer Fane LLP
• Schiff Hardin LLP
• Shumaker, Loop & Kendrick, LLP
• Sullivan & Worcester LLP
• SAC Attorneys LLP
• Saltzman & Johnson Law Corporation
• Sanders Bajwa LLP
• Shute, Mihaly & Weinberger LLP
• Sills Cummis & Gross P.C.
• Sirote & Permutt, PC
• Solomon Ward Seidenwurm & Smith, LLP
• Somach Simmons & Dunn
• Spilman Thomas & Battle, PLLC
• Stearns Weaver Miller Weissler Alhadeff & Sitterson, P.A.
• Steptoe & Johnson PLLC
• Sterne, Kessler, Goldstein & Fox P.L.L.C.
• Stikeman Elliott LLP
• Stites & Harbison, PLLC
• Stoll Keenon Ogden PLLC
• Stradling Yocca Carlson & Rauth, P.C.
• Troutman Pepper Hamilton Sanders LLP
• Thompson Ostler & Olsen
• Tiffany & Bosco P.A.
• Torys, LLP
• Traurig Law LLC
• Trenam Law
• Tucker Arensberg, P.C.
• Turner Boyd
• Ulmer & Berne LLP
• Vinson & Elkins LLP
• Venable LLP
• Vorys, Sater, Seymour and Pease LLP
• Van Ness Feldman, PC
• Varnum LLP
• Verrill Dana LLP
• Williams & Connolly LLP
• Wilson Elser Moskowitz Edelman & Dicker LLP
• Winstead PC
• Wiley Rein LLP
• Walkers
• Williams, Mullen, Clark & Dobbins, P.C.
• Warner Norcross & Judd LLP
• Wagner Kirkman Blaine Klomparens & Youmans, LLP
• Wagner Zemming Christensen, LLP
• Waldrep Wall Babcock & Bailey PLLC
• Waller Lansden Dortch & Davis LLP
• Walsh Pizzi O'Reilly Falanga LLP
• Ward and Smith, P.A.
• Watson Burns, P.L.L.C.
• Wilkinson Barker Knauer, LLP
• Willcox & Savage, P.C.
• Wolf, Greenfield & Sacks, P.C.
• Wollmuth Maher & Deutsch LLP
• Wood Smith Henning & Berman LLP
• Wright, Finlay & Zak, LLP
• Wyrick Robbins Yates & Ponton LLP
• Zimmer Kunz PLLC
• Zuckerman Spaeder LLP

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