8am data show invoiced revenue rising 5–8% as firms capture more recorded time
firms showing invoiced revenue per firm grew 5–8% in the first half of 2026 even though hourly rates were unchanged across three of four firm-size categories.
Inside Practice · OCTOBER 29, 2026 · 1 MIN READ
On October 22, 2026, 8am published billing and payment data from more than 60,000 predominantly U.S. firms showing invoiced revenue per firm grew 5–8% in the first half of 2026 even though hourly rates were unchanged across three of four firm-size categories. The vendor’s data attribute the gain primarily to better conversion of recorded time into invoices, with larger firms lifting that share from 44% to 49%. Cash conversion still requires attention: 70% of firms carried at least one past-due invoice, while the average unpaid balance fell from $2,073 to $1,979. For law firms, the implication is that revenue improvement can come from tightening time capture and collections before another rate increase, but those gains should be measured against payment-processing costs and aged receivables.