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Legal Mag > Blog > Firm Management > Law Firms and Clients Will Lean on Negotiated Discounts and AFAs in 2023
Firm Management

Law Firms and Clients Will Lean on Negotiated Discounts and AFAs in 2023

Press Room
Press Room 2 months ago
Updated 2022/12/08 at 10:36 AM
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Law firms have big plans to raise billing rates next year, but their discounting agreements with clients may already be underway.

Law firms will lean on pre-negotiated discounts going forward, according to a report this week from Citi Private Bank and Hildebrandt Consulting, as firms aim to maintain strong, pandemic-era billing and collections practices in a more challenging, rate-sensitive environment.

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