Authentic legal invoice data provides law firm rate benchmarks for more informed outsourcing decisions.
A new report from
The data, leveraged by the annual Real Rate Report series, is sourced directly from corporations' and law firms' e-billing and time management solutions. Lawyer and paralegal rate data is filtered by practice and sub-practice areas, metropolitan areas, and matter types. A high-level overview of the 2023 findings shows a continuation of a multi-year trend that sees average rates continue to rise across timekeeper roles. The mean rate for partners saw the most significant increase, growing from
In addition to the 2023 Real Rate Report - which is now available for purchase - the LegalVIEW database also powers ELM Solutions' award-winning LegalVIEW BillAnalyzer service. Clients can now use BillAnalyzer's sophisticated AI algorithm and invoice review team to grow cost savings and improve compliance across both Wolters Kluwer's platforms and an expanded portfolio of spend management systems.
About Wolters Kluwer
Wolters Kluwer (EURONEXT: WKL) is a global leader in information, software solutions and services for professionals in healthcare; tax and accounting; financial and corporate compliance; legal and regulatory; corporate performance and ESG. We help our customers make critical decisions every day by providing expert solutions that combine deep domain knowledge with technology and services.
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