This year, 76 per cent of firms that stated their fee rates in our annual survey said their maximum daily rate was above £800, down from 80 per cent last year and 90 per cent in 2016.
The survey also found (see pie chart below) that 44 per cent are charging maximum rates of more than £1,200, against 45 per cent in 2017 and 52 per cent in 2016.
However, in terms of minimum fee rates, 18 per cent of respondents said they were charging more than £800 a day, up from 12 per cent in 2017.
Meanwhile, 59 per cent of firms reported that they have raised fees in the past year, up from 53 per cent last year.
Looking ahead to next year, 63 per cent of consultancies said they would raise their fee rates, almost identical to last year's 64 per cent. However, only eight per cent said they would raise them by 10 per cent of more, compared to 13 per cent in 2017.
Barton Willmore stated the highest maximum fee rates in our survey (see table below), at £2,325 a day, though these were unchanged since last year. In joint second place, five firms all said they charged up to £2,000 a day.