Thomson Reuters' newly released State of the Legal Market report says 2024 was "an incredibly successful year for firms from a rate-setting perspective." Law firms' average hourly rates shot up 6.5%, ...

As Big Law exponentially increases billing rates, midsize firms face anxiety over pricing out clients and losing opportunities should they raise rates. Rather than emphasizing their lower rates, ...

Amid voter concern about the economy and affordability, President Donald Trump announced a new policy: a 10% cap on credit card interest rates for one year.