A Midyear Forecast: Tailwinds Expected For Atty Hourly Rates

By Chuck Chandler ( July 15, 2024, 3:05 PM EDT) -- Despite economic uncertainty, money is still flowing in the legal industry. Large law firms are experiencing unprecedented revenue and profitability expansion, and law firms are experiencing higher hourly rates. I already anticipate the same growth for 2025. . . .

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This past year, a handful of attorneys secured billions of dollars in settlements and judgments for both classes and individual plaintiffs against massive companies and organizations like Facebook, Dell, the National Association of Realtors, Johnson & Johnson, UFC and Credit Suisse, earning them recognition as Law360's Titans of the Plaintiffs Bar for 2025.