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Attorneys, Lawyers, and Law Firms
SIC 8111 / NAICS 541110
The following resource guide provides sources for industry information including
industry trends and statistics, financial ratios, salary surveys, and more.
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For resource guides specific to other industries, see
Industry Information Resources which covers
over 400 individual industries.
Legal Services
http://www.firstresearch.com
Profiles cover key aspects of an industry's size, scope, and operations, recent
news and developments, industry trends, risks, and opportunities, and include
a five-year industry forecast. Profiles are updated quarterly and include:
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firstresearch.com/industry-profiles |
American Bar Association
Market Research Department
http://www.abanet.org/marketresearch/resource.html
Numerous resources for research and statistics about lawyers and the legal profession.
Available free online.
American Bar Association
Law Practice Management Publications
https://www.abanet.org/lpm/catalog/home.html
Publications addressing management and administration, billing and finance, career
issues, marketing, and technology.
Altman Weil, Inc.
Articles, News & Resources
http://www.altmanweil.com/index.cfm/fa/r.home/resources.cfm
Articles, special reports, and survey excerpts covering a wide variety of law
firm topics including management, finance, marketing, and compensation. All items
are available free online.
Law Firms
http://www.ibisworld.com
Report provides in-depth analysis and a five-year industry forecast, with special
focus on the underlying structure and the external forces and interrelationships
that drive an industry. Report sections include:
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ibisworld.com/market-research |
Bureau of Labor Statistics, U.S. Department of Labor
Occupational Outlook Handbook - Lawyers
http://www.bls.gov/oco/
Information provided includes a description of the nature of the work, number
and types of jobs, education and training, wages and earnings, employment outlook,
and sources for additional information. All information is free online.
BizMiner
Industry Market Statistics
http://www.bizminer.com
Industry statistics include market volume, number of firms, annual sales and sales
trends, sales per employee, staffing and employment trends, business start up
activity and failure rates, and other business statistics and information on a
national, state, and metro area level.
More Industry Research and Analysis
For more industry research and analysis available from Standard & Poor's, IBISWorld,
Dun & Bradstreet, and other sources which cover a wide variety of industries,
see Industry Overview, Issues, Trends, and Outlook.
Incisive legal Intelligence
Survey of Law Firm Economics
http://www.incisivesurveys.com/r5/home.asp
Survey provides detailed information on law firm financials, including income,
expenses, receivables and realization; hourly rates broken out by years of experience,
practice, and location; billable hours nationally, regionally and by firm size;
compensation for equity/non-equity partners, associates and staff; and personnel
ratios for associates, paralegals, finance, IT and other administrative staff.
Detailed table of contents and sample survey pages available free online.
Incisive legal Intelligence
Small Law Firm Economics Survey
http://www.incisivesurveys.com/r5/home.asp
Report is derived from data in the "Survey of Law Firm Economics" (above), is
specifically designed for law firms with 15 or fewer attorneys. Detailed table
of contents and sample survey pages available free online.
BizMiner
Industry Financial Analysis
http://www.bizminer.com
Five-year comparative financial analysis includes income statements with expense
detail, balance sheets, and key business and financial ratios. Available in all
firms, small business, sole proprietor, and business start up versions.
American Bar Association
Market Research Department - Salaries
http://www.abanet.org/marketresearch/resource.html
Provides links to compensation and salary data sources for the legal profession.
Available free online.
Incisive legal Intelligence
Survey of Law Firm Economics
http://www.incisivesurveys.com/r5/home.asp
Survey provides detailed information on law firm financials, including income,
expenses, receivables and realization; hourly rates broken out by years of experience,
practice, and location; billable hours nationally, regionally and by firm size;
compensation for equity/non-equity partners, associates and staff; and personnel
ratios for associates, paralegals, finance, IT and other administrative staff..
Detailed table of contents and sample survey pages available free online.
Incisive legal Intelligence
Small Law Firm Economics Survey
http://www.incisivesurveys.com/r5/home.asp
Report is derived from data in the "Survey of Law Firm Economics" (above), is
specifically designed for law firms with 15 or fewer attorneys. Detailed table
of contents and sample survey pages available free online.
Incisive legal Intelligence
Paralegal Compensation Survey
http://www.incisivesurveys.com/r5/home.asp
Survey covers salary, bonus, overtime, benefits, billable hours, billing rates,
with data analyzed by geographic region, firm size, practice area, and years of
experience. Detailed table of contents and sample survey pages available free
online.
Incisive legal Intelligence
Law Department Compensation Benchmarking Survey
http://www.incisivesurveys.com/r5/home.asp
Survey covers salary, bonus, total cash compensation, long-term incentives, stock
options, and restricted stock options, with data analyzed by geographic region,
industry, company size, organizational structure, department size, experience,
and specialty. Detailed table of contents and sample survey pages available free
online.
National Association For Law Placement
Annual Associate Salary Survey
http://nalp.org/categories/?catID=32
Comprehensive survey of associate compensation by class year, city and/or state,
region, and firm and office size. Other surveys available cover new associate
starting salaries, law school members, and public sector attorneys. Various
articles summarizing survey
results are accessible free online.
National Federation of Paralegals Association
Compensation And Benefits Study Report
http://www.paralegals.org/ Select
"Legal Resources - Salary Information"
Survey provides information on salaries, benefits, billing rates, overtime pay,
raises and more. Executive summary is available free online.
Bureau of Labor Statistics, U.S. Department of Labor
Occupational Employment Statistics
http://www.bls.gov/oes/current/oessrci.htm
Employment and hourly and annual wage estimates by industry and job position on
a national basis. All data is free online.
JobStar.Org Profession-Specific Salary Surveys
Legal & Paralegal
http://jobstar.org/tools/salary/sal-prof.php
Compensation surveys covering industry personnel. All data is free online.
More Compensation and Salary Data
For more compensation and salary survey data available from ERI Economic Research Institute, Salary.com, and
other sources covering a wide variety of industries, see Compensation
and Salary Surveys.
Back To Top
Valuing Professional Practices and Licenses:
A Guide for the Matrimonial Practitioner
Part B: Valuing Law Practices
Ronald L. Brown (Editor), Aspen Publishers, supplemented annually
http://www.aspenpublishers.com/
Over 45 chapters focused on valuing legal, medical, architectural/engineering,
and accounting practices and professional degrees and licenses for divorce purposes.
American Bar Association
The Lawyer's Guide to Buying, Selling, Merging, and Closing A Law Practice
http://www.abanet.org/ Select "Store" and search for title
Topics covered include the sale and purchase of a practice, valuing a law practice,
merging firms, selling a niche practice, ethical and business considerations,
tax consequences, and more. Detailed table of contents is accessible free online.
Altman Weil, Inc.
Altman Weil MergerLine™
http://www.altmanweil.com/index.cfm/fa/m.home/altman-weil-merger-line.cfm
Site tracks mergers and acquisitions of law firms with primary emphasis on U.S.
firms. All transaction information and annual summary and analysis of transactions
are free online.
BVMarketData
Pratt's Stats® Private Transaction Database
http://www.bvmarketdata.com/PSAdvSearch.asp
Free "Visitor Search" allows users to search over 14,500 private company sales transactions by SIC Code, NAICS
Code, or business description for comparable sales data. Data can be purchased as a single report or by subscription.
More Business Sales Transaction Data
For more business sales transaction data available from BIZCOMPS®, Done Deals, Public Stats™, and other sources
for a wide range of industries, see Business Valuation Multiples and
Merger & Acquisition Transaction Data.
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