Insights are based on data
derived from more than
$40 billion in legal spending,
almost 8 million invoices, and
more than 1 million matters.
The seven key metrics are based
on charges billed by outside
counsel in 2020.
“Largest 50” firms (those with more than 750 lawyers) continue
to account for the largest share of U.S. legal spending.
OF OUTSIDE COUNSEL
WAS PAID TO “LARGEST 50” FIRMS
Median partner rates rise more than 4% in four major cities
In 2020, four major metropolitan
areas had a median partner rate of more than $700/hour
CounselLink® ELM 2021 Trends Report