Realization rates continue to decline in Big Law, with many Am Law 100 firms reporting 1% to 3% lower realization in 2023. While some firms blamed market factors, others said that several years of ...

Realization, the long-standing hallmark of law firm performance, is ready for a makeover. While the metric is not inherently flawed, its calculation and application have been twisted, resulting in ...

Am Law 100 firms last year saw their lowest realization rates in five years: 80.93%, down from 82.2% in 2022 and 83.11% in 2021. During the pandemic era, it may have been easy to assume high ...

Many firms view write-downs as a necessary evil, a way to make clients feel better about the fees they are paying, prevent an uncomfortable conversation with a client and hopefully maintain the client ...