The findings in the first edition of the Enterprise Legal Management Trends Report, powered by LexisNexis CounselLink, represent analysis of a snapshot of data available in the CounselLink Enterprise Legal Management platform. That collective stream of data and processed invoices includes more than $10 billion in legal spend and 2 million invoices, representing 300,000 matters gathered over the past 4 years.
The infographic below highlights some of these key findings:
"Large Enough" law firms are eating into market share of the "Largest 50."
Even more dramatic shift in higher fee legal work.
"Large Enough" firms are twice as likely to use AFAs.
The Average U.S. law firm partner bills at $381 per hour.
Philadelphia, Detroit, San Francisco, Atlanta and New York are the five U.S. cities that have had the greatest hourly bill rate increases.
Get the full story behind this data, and download your complimentary copy of the Enterprise Legal Management Trends Report.
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