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In 2022, law firms in Idaho had the highest realization rate in the United States. In that year, Illinois, Mississippi, New York, Rhode Island, and Texas 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 2022, by state
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Statistics
Clio. (February 17, 2023). Average realization and collection rates in the United States in 2022, by state [Graph]. In Statista. Retrieved May 19, 2024, from https://www.statista.com/statistics/1318552/legal-services-realization-and-collection-rates-state-usa/
Clio. "Average realization and collection rates in the United States in 2022, by state." Chart. February 17, 2023. Statista. Accessed May 19, 2024. https://www.statista.com/statistics/1318552/legal-services-realization-and-collection-rates-state-usa/
Clio. (2023). Average realization and collection rates in the United States in 2022, by state. Statista. Statista Inc.. Accessed: May 19, 2024. https://www.statista.com/statistics/1318552/legal-services-realization-and-collection-rates-state-usa/
Clio. "Average Realization and Collection Rates in The United States in 2022, by State." Statista, Statista Inc., 17 Feb 2023, https://www.statista.com/statistics/1318552/legal-services-realization-and-collection-rates-state-usa/
Clio, Average realization and collection rates in the United States in 2022, by state Statista, https://www.statista.com/statistics/1318552/legal-services-realization-and-collection-rates-state-usa/ (last visited May 19, 2024)
Average realization and collection rates in the United States in 2022, by state [Graph], Clio, February 17, 2023. [Online]. Available: https://www.statista.com/statistics/1318552/legal-services-realization-and-collection-rates-state-usa/