Today, LexisNexis’ CounselLink will be releasing new data which highlights hourly billing rate discrepancies based on gender and ethnicity. The data comes from more than 20,000 attorney profiles in CounselLink and analyses hourly billing rates on invoices billed between January 2020 and September 2021. I
I had a call with Kris Satkunis, Director of Strategic Consulting at CounselLink. Satkunis described how law firm billing rates are “a proxy for how much the firm values the attorney’s work or skills” and this obviously has a significant impact on attorney compensation. An examination of the data indicated that billing rates are generally the same across gender and ethnic groups at the lowest billing rate levels but then begin to diverge at higher levels. Satkunis concludes that “ethnicity is clearly a factor, with Asian billings rates coming in higher than all other groups and Hispanic/LatinX coming in at the lowest.”
Program Today The data will be discussed at a program sponsored by the Buying Legal Counsel at 11 am EST today. Register at this link.
Here are some sample key findings:
Continue Reading LexisNexis CounselLink Data Reveals Law Firm Billing Rate Discrepancies Across Gender and Ethnic Groups