
- 2021 was a block buster year for M&A legal fees. The median partner rate was $878 an hour… A 6.1% increase over the prior year median.
- Law firms continue to increase hourly rates and in-house legal departments are paying them. 2021 partner rates increased 3.4% over 2020.
- Alternative for your arrangements are increasing but not disrupting the market. Only 14.8% of matters had even a portion of their billing rate set at some thing other than hourly. Only 9.6%