Billing Rate Increases Prompt Lateral Movement Throughout Am Law 200 | The American Lawyer - The American Lawyer

What You Need to Know

• Citing rate increases a,mong other things, a trademark team at Perkins Coie has moved to Holland & Hart.
• The group, which includes three partners, will be based in Holland & Hart offices in Denver and Boulder.
• Billing rates in the Am Law 100 increased much faster last year than rates in Second Hundred and midsize firms.

Elite law firms aggressively increased their billing rates last year amid sky-high demand. And that’s contributing to more lateral movement—and opportunities—for firms up and down the Am Law 200.

In one of the latest examples of rate pressure contributing to lateral moves, a 10-person trademark team is moving from Perkins Coie to Holland & Hart’s Colorado offices, with the lead partner citing rates as a factor in their decision.

Craig Beaker, of Holland & Hart. Courtesy photo

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source: https://www.law.com/americanlawyer/2022/02/24/billing-rate-increases-prompt-lateral-movement-throughout-am-law-200/

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