Legal & Policy

Biglaw Discovers That Charging $2,000/Hour Is Easier Than Actually Collecting It

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Legal firms reported a 13.1 percent revenue increase in Q1 2026, primarily due to a significant hike in billing rates, but this growth is overshadowed by a substantial rise in unpaid bills and slower collection cycles. This trend impacts tech professionals and developers as it signals financial strain within the legal sector that could affect contract negotiations and project funding. The increasing inventory of unpaid fees suggests a potential shift towards more stringent payment terms or stricter client vetting processes.

Read the full article at Above the Law

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