BV Firm Billing Rates Shot Up in 2022

Business Valuation UpdateVol. 29 No. 8
August 2023
practice management and growth
business valuation marketing, valuation practice management, benchmark, compensation


The vast majority (83%) of business valuation firms increased their billing rates in 2022, according to preliminary results of BVR’s benchmarking survey. This is a much greater percentage than the last survey (2018) found, when 60% of respondents said they raised rates. Increases ranged from 3% to 25%, with an average of 11%.