Since 2013, LexisNexis® CounselLink® has published its annual trends report with data derived from the CounselLink Insight Benchmarking Database consisting of:
- Over $67 billion in legal spend
- Nearly 510,000 timekeepers
- Nearly 1.8 million matters
The LexisNexis CounselLink 2025 Trends Report: Benchmark Metrics to Empower Legal Cost Management details a breadth of market factors influencing the law department, including:
- Partner rates and matter management mix
- Highest median Partner rates in practice areas and locations
- Large Law domination of share of wallet in high-value practice areas
- Successful alternative fee arrangements in several practice areas
- Associate and Of Counsel rates nearing $2,000/hour and Partner rates exceeding $1,000/hour in many locations and practices
