Industry Analysis, Statistics, Trends, and Forecasts
IBISWorld research reports provide in-depth industry analysis and five-year growth forecasts for over
700 industries, with special focus on the underlying structure and external forces and relationships
that affect industries and their performance. Report sections include:
Sample report is available free online.
American Bar Association
Law Practice Management Publications
http://www.abanet.org/abastore/
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.
Legal Services
http://www.firstresearch.com
First Research industry profiles cover key aspects of an industry's size, scope, and operations, recent
news and developments, business challenges, issues, trends, and opportunities, and include a five-year
industry growth forecast. Profiles are updated quarterly and include:
Sample report is available free online.
U.S. Bureau of Labor Statistics
Occupational Outlook Handbook - Lawyers
http://www.bls.gov/lawyers.htm
Information provided includes a description of the nature of the work, number and types of jobs, education
and training, wages and earnings, employment outlook, similar occupations, and sources for additional
information. All information is available free online.
IRS Audit Technique Guides
Attorneys
http://www.irs.gov/pub/irs-utl/attorneys_atg.pdf
IRS audit guide contents include an overview of the industry and its business practices with primary
focus on accounting and tax issues. Publication is available free online.
Industry Financial Ratios
Law Firms
http://www.bizminer.com Search for "541110"
Five-year comparative financial statement analysis includes income statements with expense detail,
balance sheets, cash flow statements, and key business and financial ratios for law firms. Reports
are available by sales size range and in sole proprietor and business start up versions. Sample financial
statement reports with detailed financial ratio analysis can be viewed 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 can be viewed 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 can be
viewed 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 can be viewed 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 can be
viewed 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 can be viewed 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 can
be viewed 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.
ERI Economic Research Institute
Legal Services Salary Survey
http://salary-surveys.erieri.com/
Salary survey provides compensation data for executive, management, and hourly personnel on a national
and state level by company size. Complete listing of job positions included in the survey and sample
pages for selected job positions are accessible free online.
U.S. Bureau of Labor Statistics
Occupational Outlook Handbook - Lawyers
http://www.bls.gov/lawyers.htm
Information provided includes a description of the nature of the work, number and types of jobs, education
and training, wages and earnings, employment outlook, similar occupations, and sources for additional
information. All information is available 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 available free online.
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/
Loose-leaf guide contains over 45 chapters focused on valuing professional practices and professional
degrees and licenses for divorce purposes. Detailed table of contents and searchable text can be viewed
free online using "Google Preview" feature.
American Bar Association
The Lawyer's Guide to Buying, Selling, Merging, and Closing A Law Practice
http://www.abanet.org/abastore/
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.
Small Business Valuation Formula Multiples
Legal Practices
http://valuationresources.com/Misc/ValuationMultiples.htm
Report provides small business valuation formula multiples for legal practices and more than 200 other
industries. Valuation multiples are derived from market transactions as reported by BIZCOMPS®, with
the primary focus on small companies priced at less than $1 million.
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