Kris Satkunas

Kris Satkunas from LexisNexis CounselLink discusses the 2024 Trends Report, revealing significant increases in hourly rates across practice areas. Despite this, blended rates at the matter level remain steady. The data challenges the notion that high rates drive clients to mid-sized firms, with large firms maintaining and growing their client base. They also touch on the adoption of alternative fee arrangements in the industry.