Six in 10 business valuation firms have raised their billing rates, according to The BVR Business Valuation Firm Economics & Best Practices Guide, which is based on a 2016 survey. Of all firms (including those that did not raise fees), the business valuation profession increased its rates 5.2%.

The guide is the most comprehensive analysis of business valuation firm best practices in financial management, marketing, human resources and compensation, and professional and ownership standards found anywhere. Some specific questions answered include:

• What are the top specialty valuation areas?

• What is the median salary for staff at business valuation firms?

• What is the median revenue for business valuation practices?

• What is the most popular private-company transaction database?