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Billing Rates

Legal Economics1 MIN READ

Billing Realization Holds Post-AI — But Credit Disputes Are a Hidden Risk

The Legal Stack's 2026 AI Retention and Billing Realization Report surveyed 74 firms and found that realization rates — billed time actually collected — have remained within two percentage points of pre-AI baselines in 61% of firms. Retention in AI-deployed practice areas was 91.3% versus 89.7% in non-AI areas, a difference within the margin of error. However, one finding stands out: firms that re

Source: The Legal Stack: The Legal AI Retention and Billing Realization Report 2026Legal AIBilling RatesLaw Firm EconomicsAI & Unit Economics
Legal Economics1 MIN READ

AmLaw 200 Revenue Up 12.6% in 2025; Second Hundred Posts $29.4B at $895K RPL

The top 200 U.S. law firms closed 2025 with revenue growth of 12.6%, matching 2024's pace, according to a Wells Fargo Legal Specialty Group analysis. Average standard billing rates grew 9.6%, while demand — measured by billable hours — rose 3.5%. The Second Hundred specifically posted $29.4 billion in total revenue, with revenue per lawyer (RPL) reaching $895,000, up 5.2% year-over-year. Demand wa

Source: GlobalLegalPost: US firms see revenue grow in 2025 driven by rising billing rates and demandBilling RatesDemand & RevenueLaw Firm EconomicsLegal Operations