Add RSS RSS

Associate Life Survey: Feeling Sluggish?

doomed.jpgWe received roughly 1,350 responses to last week’s ATL / Lateral Link survey on whether you’re busy, which suggests that maybe you’re not.

Overall, things are looking slower than they did in December, with 28% of associates afraid that they won’t make their hours this year, in contrast to 18% of associates in December.

The Charlotte market is in particularly rough shape, with 46% of respondents there saying they won’t make their hours.

Is business slow? December 2007 vs. June 2008

December 2007June 2008
Yes. I won’t make my hours.18%28%
Yes, but I’ll make my hours.15%12%
It’s slow for others, but not me.16%14%
No.25%21%
No. We need more people.26%25%

As we found last year, real estate and structured finance attorneys are still very slow, with roughly half saying that they won’t make their hours this year. But now the sluggishness has expanded into corporate work in general, with 43% of transactional attorneys saying they won’t make their hours (roughly twice the number reported in December). Even tax attorneys, while still relatively comfortable compared to transactional associates, are more likely to report a slowdown at their firms, even if they expect to make their own hours.

On the bright side, however, litigation is beginning to pick up, with almost a third of litigators saying that their practices need to hire more people. Bankruptcy and restructuring attorneys were even more robust, with 52% calling for more bodies. And, of course, geek remains chic, with roughly 44% of patent attorneys calling for more patent lawyers. (Note, however, that this is actually down from about half of respondents in December.)

But does the big picture look like the photo above? With the pendulum swinging from transactional practices to disputes, will the ax be swinging, too? We’ll report on our survey on job (in)security, which is still open, next week.

In the meantime, see breakdowns of who’s busy by practice area, market, and seniority, after the jump.

Breakdown by Practice: Is Business Slow?

Yes, and I won’t make my hours.Yes, but I’ll make my hours.It’s slow for some people at the firm, but not for me.No, I’m doing fine.No! We need to hire people!
Patent11.40%8.77%10.53%25.44%43.86%
Litigation17.02%11.52%13.83%26.60%31.03%
Tax12.90%22.58%22.58%22.58%19.35%
Real Estate & Structured Finance50.53%11.58%13.68%12.63%11.58%
Bankruptcy & Restructuring9.52%19.05%9.52%9.52%52.38%
Other Transactional43.78%13.65%10.84%15.66%16.06%
Overall27.57%11.95%14.10%20.80%25.58%

Breakdown by Market: Is Business Slow?

Yes, and I won’t make my hours.Yes, but I’ll make my hours.It’s slow for some people at the firm, but not for me.No, I’m doing fine.No! We need to hire people!
Atlanta27.08%12.50%18.75%16.67%25.00%
Boston27.59%17.24%13.79%18.97%22.41%
Charlotte46.43%10.71%25.00%3.57%14.29%
Chicago26.15%11.54%15.38%24.62%22.31%
Dallas12.24%16.33%20.41%22.45%28.57%
Denver18.75%12.50%12.50%31.25%25.00%
Houston22.22%18.52%11.11%14.81%33.33%
Los Angeles27.85%7.59%11.39%31.65%21.52%
Miami27.27%18.18%9.09%27.27%18.18%
New York28.43%10.22%15.71%22.19%23.44%
Philadelphia32.14%10.71%3.57%25.00%28.57%
San Diego33.33%18.52%22.22%11.11%14.81%
San Francisco / Silicon Valley29.82%12.28%10.53%22.81%24.56%
Seattle8.33%16.67%8.33%41.67%25.00%
Washington, D.C.21.72%10.61%14.65%21.72%31.31%
Overall27.57%11.95%14.10%20.80%25.58%

Breakdown by Seniority: Is Business Slow?

Yes, and I won’t make my hours.Yes, but I’ll make my hours.It’s slow for some people at the firm, but not for me.No, I’m doing fine.No! We need to hire people!
Before 200036.84%6.6%19.7%14.5%22.4%
200027.59%24.1%6.9%20.7%20.7%
200127.27%16.4%18.2%12.7%25.5%
200232.35%16.2%11.8%26.5%13.2%
200321.82%12.7%13.6%24.5%27.3%
200429.10%11.9%14.9%18.7%25.4%
200522.52%12.2%13.1%23.9%28.4%
200624.90%8.8%13.7%24.1%28.5%
200731.53%12.4%14.0%17.2%24.8%
Overall27.57%11.95%14.10%20.80%25.58%


Justin Bernold is a Director at Lateral Link, the sponsor of this Associate Life Survey.

Comments

Comments hidden for your protection. Show them anyway!

Post Your Comment