Companies are using entry-level lawyers sparingly, resulting in a 60% drop in billings for first-year lawyers. More senior partners are being used but for less time, which has led to nearly flat revenues for law firms. The figures come from a report by Datacert/Tymetrix which produces a database...

As pressure on pricing continues, Big Law firms are buying (or building) analytics technology and hiring pricing specialists—people who use market data, internal firm data and economics/pricing experience to ensure that firms are smart about bidding on work. The mission: Educate clients about...

Here are some tips for the general counsel on a budget.

Hire senior associates in place of junior partners, especially for matters involving marketing and advertising, mergers and acquisitions and government relations.

When possible, retain lawyers based in New Orleans, Oklahoma...

Law firm size is the most influential factor in determining attorney billing rates in New York and across the nation, according to a new survey of large and small firms.

The survey found that generally the larger the firm, the higher the hourly rates.

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Despite the corporate squeeze on BigLaw fees, a growing number of elite attorneys are able to command more than $1,000 an hour because corporate clients are willing pay four-figure rates to win bet-the-company cases, experts told Law360.

Even with law department budgeting, firm fee...

Summary: The recent 2014 Real Rate Report published by Datacert | TyMetrix mark four emerging themes that affect law firm pricing. The report is created analyzing real invoice data and not by a survey. The publishers analyzed more than $16 billion worth of actual law firm...

General counsels are successfully dictating the rates BigLaw charges, preventing firms from raising attorney rates as much as they'd like, according to an analysis of rates and firm practices released this week.

An analysis of more than $16 billion in firm invoices from 2008 and 2013...

Law departments are winning the battle over rates with law firms as increases are pegged at half their pre-recession levels, according to Datacert/TyMetrix and CEB.

According to the 2014 Real Rate Report®, rises were 3.7 per cent last year, slightly over half the seven per cent level of...