Wake Up Call: Inflation, Higher Wages Add to Rate Hike Pressure

In today’s column, rate hikes averaged 5.6% last year at the top 100 U.S. firms and could be more this year; another firm matched the Milbank salary hike scale; Mayer Brown is the latest Big Law firm to open in Salt Lake.

• Leading off, the biggest U.S. law firms hiked their rates an average 5.6% last year and will likely want to increase them as much or more this year, as high inflation and compensation add to costs. But clients, with their own inflation jitters, could be pushing back, this report says. (American Lawyer)
• WilmerHale matched Milbank’s associate ...