Law firm salaries, AmLaw100 law firm salaries, AmLaw 100 Law Firm Growth, LawCrossing, LawCrossing.com, attorney jobs, legal jobs, growth of law firms, salaries for new law school graduates, increase in law firm partner compensation, LawCrossing, Harrison Barnes

2. What is LawCrossing?
For every legal
professional:
•Attorneys
•Partners
•Law Students
•Paralegals
•Legal Staff
LawCrossing offers the largest collection of active legal jobs i
:
From every employer:
•AmLaw 100/200
•Law Firms
•In-House
•Judges
•Public Interest
Organizations

3. Why LawCrossing?
•LawCrossing has more than 50,000 legal
jobs, 25 times more than any other job
board.
•LawCrossing lists even hidden jobs that you
will not find elsewhere.
•LawCrossing collects jobs from more than
250,000 websites and post them on its site.
• LawCrossing does not charge employers to
post their jobs.
•LawCrossing is private, and therefore far
fewer people are applying for the jobs on its
site than are applying for those on public job
boards.
Legal industry is a burgeoning sector. Read on to better understand
the legal job market and the wide scope that your future holds.

4. Lawyers per capita are on the rise
• The number of lawyers
in the United States has
increased steadily over
the past half century
and is currently
estimated at more than
1,143,358.
Source: http://usinfo.state.gov/products/pubs/legalotln/lawyers.htm
Source: ABA Market Research Department, 6/2007
https://www.cia.gov/library/publications/the-world-factbook/print/us.html
Today1970
Lawyers Per Capita
1 Per 263
1 Per 700

5. Attorney growth
Lawyers in the U.S.
Graphics dramatically illustrate the growth in lawyer population.
1,000,000
19801980 19901990 19921992
552K
720K
973K
1,143K
20072007
Source: ABA Market Research Department, 6/2007

6. Today’s Active Attorneys
1,143,358
Expect
10% to 20%
growth by 2012
This market will continue to grow
Source: American Bar Association 2007

7. The percentage of lawyers in the AmLaw
100, the biggest firms, is growing
0
200,000
400,000
600,000
800,000
1,000,000
1,200,000
1985 1995 2000 2004 2007
Number of U.S. Lawyers
% in AmLaw 100
Source: Growing Pains, Alison Frankel, The American Lawyer, May 1, 2006
http://www.law.com/jsp/tal/PubArticleTAL.jsp?id=1145964622373; www.law.com/jsp/article.jsp?id=1209459933263&rss=newswire
1985: 3.8% of
655,191 lawyers
1995: 4.4% of
857,931 lawyers
2000: 5.2% of
1,066,328 lawyers
2004: 6.3% of
1,084,504 lawyers
2007: 6.8% of
1,143,358 lawyers

8. Attorney growth in the top 250 firms
from 1985 to 2007
Source: http://www.law.com/jsp/article.jsp?id=1194602651764
The increase in the
number of attorneys
at the top 250 firms
indicates that firms
continue to boost
their ranks to meet
the demands created
by a strong business
economy.

9. Average top law firm partner
compensation is growing
• The average
profits per partner
of AmLaw 100
firms range widely
from $375,000 to
$1,500,000
Sources: The AmLaw 100 2005, The American Lawyer, July 2005; Competitive Intelligence for Law Firms
Altman Weil Pensa surveys
0
200,000
400,000
600,000
800,000
1,000,000
1,200,000
1,400,000
1,600,000
1997
2001
2004

10. Serious money
• AmLaw 100 average
profit per partner:
$1,065,000
• AmLaw 200 average
profit per partner:
$590,000
Sources: (The American Lawyer, June 2006)

11. Salaries for new attorneys are at an all-
time high on the coasts
• In 2007, midsize L.A. firm Irell & Manella
and L.A. litigation firm Quinn Emanuel
Urquhart Oliver & Hedges boosted pay
to $160,000.
• Gibson Dunn became the first large firm
to follow suit in December, and several
major firms on the East Coast then fell
into line.
• In 2007, New York firms such as
Skadden, Arps; Sullivan & Cromwell;
Kirkland & Ellis and Weil, Gotschal &
Manges and others began starting new
associates at $160,000.
Sources: Associate salary war moves to mid-U.S., National Law Journal, Leigh Jones/Staff reporter, June 8, 2006
December, 2006, BCG Research Top Recruiter Survey, www.law.com/jsp/nlj/PubArticleNLJ.jsp?id=1069170401903

12. Mid-America law firm starting
salaries are not far behind
The nation's middle regions are matching
the $160,000-plus salaries of beginning
attorneys.
Farella Braun & Martel, Perkins Coie,
increased compensation to $160,000 for
the first-year associates it will hire in 2008.
Source: www.nalpdirectory.com/dledir_search_results.asp?fscid=f055904&yr=2008&orgtypeid=F

13. Lawyer median income in 2-3 years
after law school
TOP 10
Schools
TOP 11-20
Schools
TOP 21-100
Schools
TIER 3
Schools
TIER 4
Schools
# LAWYERS
IN OFFICE
MEDIAN
SALARY
% MEDIAN
SALARY
% MEDIAN
SALARY
% MEDIAN
SALARY
% MEDIAN
SALARY
%
Solo - 0% - 2% 50,000 4% $55,000 6% $57,500 8%
2-20 135,000 6% 75,500 16% 60,000 29% 55,000 36% 54,500 41%
21-100 130,000 20% 130,000 27% 94.000 20% 85,000 15% 79,500 12%
101-250 145,000 25% 135,000 22% 107,000 10% 95,000 6% - 2%
251+ 150,000 25% 140,000 11% 135,000 5% 137,000 3% - 1%
Business 120,000 6% 80,000 5% 84,000 9% 70,000 11% 80,000 11/5
Source: After the JD: First Results of a National Study of Legal Careers, NALP Foundation, 2004,
http://www.nalpfoundation.org/webmodules/articles/articlefiles/87-After_JD_2004_web.pdf

14. Revenue by industry
Source: U.S. Census Bureau, http://www.census.gov/econ/census02/
0
5,000,000
10,000,000
15,000,000
20,000,000
25,000,000
30,000,000
35,000,000
40,000,000
45,000,000
50,000,000
Movie Exhibition
$11,211,397,000
Bars
$13,995,489,000
Spectator sports
$21,933,413,000
Book publishers
$27,162,866,000
CPA's
$48,548,817,000
Revenue by
thousands
Actual revenue
And how much revenue is generated by the legal industry?

15. Comparisons to the legal industry
0
20,000,000
40,000,000
60,000,000
80,000,000
100,000,000
120,000,000
140,000,000
160,000,000
180,000,000
200,000,000 Movie Exhibition
$11,211,397,000
Bars
$14,995,489,000
Spectator sports
$21,933,413,000
Book publishers
$27,162,866,000
CPA's
$48,548,817,000
Legal industry
$182,650,380,000
Revenue by
thousands
Actual revenue
Source: U.S. Census Bureau, http://www.census.gov/econ/census02/

16. Legal industry revenue is growing
• Over the past ten years, the
average gross revenue of the
top 250 firms nationwide
increased by 56% to $265.5
million.
• During the same time period,
average annual profits per
partner at these firms rose by
34% to $755,000.
Source: http://www.judicialaccountability.org/baraccountability6.htm
56% increase
in 10 years!
$265.5 million

17. Financial growth of one firm
• Skadden, Arps, Slate, Meagher
& Flom declared that the firm
was the first to gross 2.2 billion
dollars a year.
• In 1978, the firm had 160
lawyers and grossed $30
million.
• In 2007, the 421 equity partners
of the firm earned a stunning
profit of an average of $2.28
million for the year.
Source: http://www.judicialaccountability.org/baraccountability6.htm, http://www.law.com/jsp/nylj/PubArticleNY.jsp?
id=1209459934571, http://www.nylawyer.com/adgifs/decisions/043008chart.pdf
0
500
1000
1500
2000
2500
Gross
1978
2004
2007
1978: $30
million
Today: $2.2
billion

18. Hourly billing rates on the rise
• In another survey, about 75% of the 250 largest law
firms said they raised their billing rates in 2006.
• In big cities, some partners are billing out at $1,000 per
hour or even more.
• Here are some sample attorney hourly billing rates: **
Sources: *NLJ, http://www.law.com/jsp/nlj/PubArticleNLJ.jsp?id=1165582055184
**http://www.law.com/special/professionals/nlj/2002/firm_by_firm_sampling_of_billing_rates_nationwide.shtml
Akin, Gump, Strauss,
Hauer & Feld
(Washington, DC)
Partners $350-$600
Associates $170-$330
Cooley Godward
(Palo Alto, CA)
Partners $330-$600
Associates $190-$425
Kramer Levin Naftalis &
Frankel
(New York, NY)
Partners $440-$625
Associates $210-$440
Locke Liddell & Sapp
(Houston, TX)
Partners $300-$595
Associates $150-$350

19. Even average lawyers are affluent
consumers
Source: American Bar Association
• Average household
income: $199,000
• Attorney Average
Household Income by
Firm Size:
– 1-9 lawyers: $176,000
– 10-99 lawyers: $204,000
– 100-499 lawyers: $241,000
– 500+ lawyers: $363,000

20. Top lawyers make even more
• Average employment
income: $689,800
• Average household
income: $846,000
• Total market value of
investments: $3.289
million
• Average household net
worth: $4.0 million
Sources: Survey, The American Lawyer, Survey American Bar Association
$0
$100,000
$200,000
$300,000
$400,000
$500,000
$600,000
$700,000
$800,000
$900,000
Personal Household
Average U.S.
Adult
Average
Lawyer
Average Top
Lawyer
Income Income

21. Legal market breakdown
The Cream Of The Crop
Top 200 Firms
• The top 200 firms have
revenues from $940,000 to
$1,610,000.
• The smallest firm in the top
200 by revenue law firms has
129 attorneys.
• There are approximately
69,000 attorneys in the top
100 firms.
Sources: http://www.law.com/jsp/tal/PubArticleTAL.jsp?hubtype=Cover+Story&id=1148634338793
http://www.law.com/jsp/tal/PubArticleTAL.jsp?hubtype=Cover+Story&id=1145803851957, American Lawyer

22. A breakdown of the legal profession:
74% are in private practice
0
5
10
15
20
25
30 Professor
Judge
Corp. exec.
Of counsel
Corp. lawyer
Govt. lawyer
Other
Solo
Sr. Mging
Partner
Partner
Associate
Source: American Bar Association survey
1.3%
2%
2.5%
3%
5.4%
10.1%
10.3%
11.5%
14.7%
15.7%
25.3%

23. Law firm hierarchy
Basic structure for law
office
Managing partner
Executive committee
Senior partner
of specialty
Senior partner
of specialty
Senior partner
of specialty
Senior partner
of specialty
Librarian MIS Acquisition Directors
Paralegal
Attorney Attorney Attorney Attorney Attorney Attorney Attorney Attorney
Attorney Attorney Attorney Attorney Attorney Attorney Attorney Attorney
Paralegal Paralegal Paralegal
You must play one firm off the next.

24. LawCrossing Vs. Other Job Boards
Number of Jobs in each Job Board in US
Approximate figures – subject to change
2,632 3,005
300 2,300
130,000
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