The $4,000-Per-Hour Moment: What Billing Rate Inflation Means for Small and Mid-Size Law Firms

Senior BigLaw partners are now billing at $4,000 per hour, and overall rates grew nearly 10% last year. For small and mid-size law firms, this creates a real opportunity to capture displaced corporate work — but only if they have the financial infrastructure to prove efficiency and offer alternative pricing. Here is what firms need to do.