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What is LawCrossing?
LawCrossing offers the largest collection of active legal jobs in the world:
From every employer:
• AmLaw 100/200
• Law Firms
• In-House
• Judges
• Public Interest Organizations
For every legal professional:
• Attorneys
• Partners
• Law Students
• Paralegals
• Legal Staff
Why LawCrossing?
LawCrossing has more than 140,000 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 posts 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.
The legal industry is a burgeoning sector. Read on to better understand the legal job market and the wide range of opportunities that your future holds.
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
Attorney growth
Lawyers in the U.S.
Graphics dramatically illustrate the growth in lawyer population.
1,000,000
19801980 19901990 19921992
552K
720K973K
1,143K
20072007
Source: ABA Market Research Department, 6/2007
Today’s Active Attorneys1,143,358
Expect10% to 20%
growth by 2012
This market will continue to grow
Source: American Bar Association 2007
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
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.
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
Serious money
• AmLaw 100 average profit per partner: $1,065,000
• AmLaw 200 average profit per partner: $590,000
Source: (The American Lawyer, June 2006)
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; 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
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 and Perkins Coie increased compensation to $160,000 for the first-year associates they will hire in 2008.
Source: www.nalpdirectory.com/dledir_search_results.asp?fscid=f055904&yr=2008&orgtypeid=F
Median lawyer income within 2-3 years after law school
11%80,00011%70,0009%84,0005%80,0006%120,000Business
1%-3%137,0005%135,00011%140,00025%150,000251+
2%-6%95,00010%107,00022%135,00025%145,000101-250
12%79,50015%85,00020%94,00027%130,00020%130,00021-100
41%54,50036%55,00029%60,00016%75,5006%135,0002-20
8%57,5006%55,0004%50,0002%-0%-Solo
%MEDIANSALARY
%MEDIANSALARY
%MEDIANSALARY
%MEDIANSALARY
%MEDIANSALARY
# LAWYERS
IN OFFICE
TIER 4 Schools
TIER 3 Schools
TOP 21-100 Schools
TOP 11-20 Schools
TOP 10 Schools
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
Revenue by industry
Source: U.S. Census Bureau, http://www.census.gov/econ/census02/
Revenue by thousands
Actual revenue
And how much revenue is generated by the legal industry?
05,000,000
10,000,00015,000,00020,000,000
25,000,00030,000,00035,000,00040,000,00045,000,00050,000,000
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
Comparisons to the legal industry
020,000,000
40,000,00060,000,00080,000,000
100,000,000120,000,000
140,000,000160,000,000180,000,000200,000,000 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/
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
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 average profit 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
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
Locke Liddell & Sapp (Houston, TX) Partners $300-$595Associates $150-$350
Kramer Levin Naftalis & Frankel (New York, NY) Partners $440-$625 Associates $210-$440
Cooley Godward (Palo Alto, CA) Partners $330-$600 Associates $190-$425
Akin, Gump, Strauss, Hauer & Feld (Washington, DC) Partners $350-$600 Associates $170-$330
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
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
AverageLawyer
Average TopLawyer
Income Income
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 among the top 200 law firms by revenue 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
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. MgingPartnerPartner
Associate
Source: American Bar Association survey
25.3%
15.7%
14.7%
11.5%
10.3%
10.1%
5.4%
3%
2.5%
2%
1.3%
Law firm hierarchy
Basic structure for law office
Managing partnerExecutive 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.
LawCrossing vs. other job boards
Number of Jobs on Each Job Board in U.S. Approximate figures – subject to change
2,632 3,005300 2,300
140,000
LawLadder Vault LawCrossing
LawLadder
EmplawyerNet
Vault
CareerBuilder
LawCrossing
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