Curious how other in-house teams are handling 2023 rate increases given the current inflation rate of 7.7% and the possibility of a recession in 2023? Are you holding flat or providing a slight increase in 2023?

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I find out tomorrow

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7%

I'll take it

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You're absolutely going to need to provide significant increases. We fought with the board over this, got budgeted 2-3%, and have lost 20% of our most senior attorneys.

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@A3 My thoughts exactly.

F

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TBD. We approve rate increases annually in Q1. Large F500 company

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Saying no to them.

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I was expecting a raise and an adjustment for inflation. Instead I just got an 8% “raise”.

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F

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No increase. “You’re lucky to have a job, look at FAANG/Twitter layoffs. This is an employers market now!”

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Yeah, it’s somewhat miserable, but an easy job

So far I'm hearing 4%

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Clueless law firm attorney here - what “rate” r we talking?

Yours!

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I think it’ll be difficult for companies to hold flat because of inflation but because of the recession I’m anticipating a minuscule increase =(

Are we thinking 3-4%?

7.7 more like 20% lol

I got mine in september..2.3%

I think we will be 4-5%

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