Realization and collection rates in the U.S. by state 2023

Published by
Raphael Bohne,
Sep 18, 2024

In 2023, law firms in Vermont had both the highest realization and collection rate in the United States. In the same year, Rhode Island had the lowest collection rate in the legal sector. The realization rate shows the difference between the number of billable hours invoiced divided by the number of hours worked, whereas the collection rate illustrates the number of hours collected divided by the number of hours invoiced.

Average realization and collection rates in the United States in 2023, by state

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Release date

December 2023

Region

United States

Survey time period

May 31 to July 20, 2023

Number of respondents

1,446 respondents

Special properties

legal professionals and non-lawyers

Supplementary notes

Survey method was not stated by the source.

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