American Lawyer Quotes Lorie Almon on Law Firm Rate Increases

American Lawyer (Law.com) quoted Lorie Almon, chair and managing partner of Seyfarth, in its April 21 article, “Law Firms Are Poised For Another Wave of Rate Increases—But Here's What Might Hold Them Back.” The piece examines how law firms are approaching potential billing rate increases amid economic volatility and growing client scrutiny around value. 

Almon emphasized that clients are increasingly focused on value rather than percentage increases, noting:

“We’re always trying to find that sweet spot of what rate allows us to support our teams, attract and retain the top-tier talent, but also be fair to our clients, understanding they’re trying to exist in this volatile, uncertain, unpredictable world.” 

The full article is available here.