Law firms employ three-quarters of all U.S. attorneys and 95 percent of them have 20 lawyers or fewer. Yet there is a real dearth of reliable, detailed information on compensation for this vast majority of solo and small firm practitioners. To address this information gap, today we are releasing a report on the findings of the ATL Solo and Small Firm Compensation Survey.
Conducted over the course of 2016, the Survey ultimately had more than 1,400 responses. We hope that this report will serve to increase transparency for the benefit of both law students considering joining a small firm as well as practicing attorneys looking to benchmark their own compensation in order to make more informed career decisions.
The Survey captured the following data points:
• Total annual compensation
• Target bonus (as a percentage of base pay)
• Actual bonus
• Average raise
• Percentage of total compensation based on collections
• Percentage of total compensation based on origination fees
All of the above are segmented by position, firm size, and practice area.
Fill out the form today to receive your copy.
Please join us at 12:30 p.m. EST this Thursday, Sept. 22, for a Twitter chat to discuss small firm compensation issues and other topics we’ll explore at the APP conference. Just by tuning in, you could win free tickets to APP!