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Over the past year, it finds, “the rates clients agreed to pay law firms for new matters grew by more than 6%, with every segment of law firms seeing aggressive increases in worked rates on par with the pace seen prior to the Great Financial Crisis of 2008-’11.”
2008: LEDES XML updates to LEDES XML 2.0 The American Bar Association provides a comprehensive list of UTBMS codes that legal professionals can download, including: Expense codes Litigation codes Bankruptcy codes The benefits of LEDES billing Understandably, global billing standards benefit the legal industry as a whole.
Over the past year, it finds, “the rates clients agreed to pay law firms for new matters grew by more than 6%, with every segment of law firms seeing aggressive increases in worked rates on par with the pace seen prior to the Great Financial Crisis of 2008-’11.”
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