Compensation Shrinks for Small-Firm and Solo Lawyers, Survey Shows
Lawyers running their own shops and at small firms reported average earnings of $194,000 last year, according to a report from Martindale-Avvo, with women attorneys taking home more than a third less than their male counterparts.
June 28, 2019 at 05:26 PM
3 minute read
Average compensation for solo and small-firm attorneys decreased slightly in 2018, and female attorneys reported earning 36% less than their male counterparts, according to a study released by Martindale-Avvo.
The legal marketing company released its second annual Attorney Compensation Report on Tuesday, which included results from 6,891 respondents who work solo or at small firms full time.
“Nobody really played in this space, and we thought it was an interesting opportunity” to detail compensation among this group, said Kelly Newcomb, Martindale-Avvo's chief marketing officer. Newcomb noted that analysis of the legal industry is largely focused on Big Law, and this report was an opportunity to provide solo and small-firm attorneys a “benchmark” to see how they compared with the industry.
From 2017 to 2018, the average attorney compensation fell slightly, from $198,000 to $194,000. The earning decline comes as revenue per lawyer and profits per partner are both on the rise in Big Law, with revenue per lawyer reaching $975,982 on average for the Am Law 100 in 2018, a 4.2% increase from the previous year. Leading firms in major markets raised their starting associate salaries to $190,000 last year.
A gender pay gap persisted in 2018, although it shrunk slightly from the previous year—female attorneys reported incomes that were 36% lower than their male counterparts. In 2017, they reported compensation 39% less than male attorneys. Sixty-one percent of female survey respondents reported feeling fairly compensated for their work, unchanged from the previous year.
Attorneys in the western region, which Martindale-Avvo defines as California, Hawaii and Arizona, earned the most last year and, on average, billed $52 per hour more than attorneys in the northwest—Washington, Oregon, Idaho, Montana and Wyoming.
Medical malpractice attorneys, on average, earned the highest compensation in 2018, making $267,000. This practice unseated last year's top earners, intellectual property lawyers, who saw their average compensation fall 6.6%.
Newcomb said compensation volatility is more pronounced at small firms compared with Big Law.
“A lot probably reflects, to some extent, that there's less predictability when you're a small business owner or part of a small firm,” she said. “There's more of a cushion for large firms.”
Newcomb said Martindale-Avvo will continue releasing this report every year as well as other surveys that focus on lawyers practicing solo or at small firms.
“Our goal is to keep getting more granular, and this will become even more valuable,” she said. “it's information that helps attorneys benchmark themselves and understand how they're doing.”
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
NOT FOR REPRINT
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
You Might Like
View AllCan Law Firms Avoid Landing on 'Enemy' List During the Trump Administration?
5 minute readVisa CLO-Turned-Vice Chair Seeing Payoff From Expanded Role
Ex-CFO of San Francisco Law Firms Pleads Guilty to $1.3M Embezzlement Scheme, DOJ Announces
Boies Schiller Increases Federal Clerkship Bonus to $150K Amid Hiring Uptick
Trending Stories
- 1A Tech-Enabled Approach to Professional Development Is the Path Forward for Young Lawyers
- 2Trying to Reason With Hurricane Season: Mediating First Party Property Insurance Claims
- 3People in the News—Dec. 12, 2024—Pietragallo Gordon, Fox Rothschild
- 4Recent Decisions from the United States District Court for the Eastern District
- 5SoundCloud GC Takes Legal Reins of Condé Nast at Tumultuous Time
Who Got The Work
Michael G. Bongiorno, Andrew Scott Dulberg and Elizabeth E. Driscoll from Wilmer Cutler Pickering Hale and Dorr have stepped in to represent Symbotic Inc., an A.I.-enabled technology platform that focuses on increasing supply chain efficiency, and other defendants in a pending shareholder derivative lawsuit. The case, filed Oct. 2 in Massachusetts District Court by the Brown Law Firm on behalf of Stephen Austen, accuses certain officers and directors of misleading investors in regard to Symbotic's potential for margin growth by failing to disclose that the company was not equipped to timely deploy its systems or manage expenses through project delays. The case, assigned to U.S. District Judge Nathaniel M. Gorton, is 1:24-cv-12522, Austen v. Cohen et al.
Who Got The Work
Edmund Polubinski and Marie Killmond of Davis Polk & Wardwell have entered appearances for data platform software development company MongoDB and other defendants in a pending shareholder derivative lawsuit. The action, filed Oct. 7 in New York Southern District Court by the Brown Law Firm, accuses the company's directors and/or officers of falsely expressing confidence in the company’s restructuring of its sales incentive plan and downplaying the severity of decreases in its upfront commitments. The case is 1:24-cv-07594, Roy v. Ittycheria et al.
Who Got The Work
Amy O. Bruchs and Kurt F. Ellison of Michael Best & Friedrich have entered appearances for Epic Systems Corp. in a pending employment discrimination lawsuit. The suit was filed Sept. 7 in Wisconsin Western District Court by Levine Eisberner LLC and Siri & Glimstad on behalf of a project manager who claims that he was wrongfully terminated after applying for a religious exemption to the defendant's COVID-19 vaccine mandate. The case, assigned to U.S. Magistrate Judge Anita Marie Boor, is 3:24-cv-00630, Secker, Nathan v. Epic Systems Corporation.
Who Got The Work
David X. Sullivan, Thomas J. Finn and Gregory A. Hall from McCarter & English have entered appearances for Sunrun Installation Services in a pending civil rights lawsuit. The complaint was filed Sept. 4 in Connecticut District Court by attorney Robert M. Berke on behalf of former employee George Edward Steins, who was arrested and charged with employing an unregistered home improvement salesperson. The complaint alleges that had Sunrun informed the Connecticut Department of Consumer Protection that the plaintiff's employment had ended in 2017 and that he no longer held Sunrun's home improvement contractor license, he would not have been hit with charges, which were dismissed in May 2024. The case, assigned to U.S. District Judge Jeffrey A. Meyer, is 3:24-cv-01423, Steins v. Sunrun, Inc. et al.
Who Got The Work
Greenberg Traurig shareholder Joshua L. Raskin has entered an appearance for boohoo.com UK Ltd. in a pending patent infringement lawsuit. The suit, filed Sept. 3 in Texas Eastern District Court by Rozier Hardt McDonough on behalf of Alto Dynamics, asserts five patents related to an online shopping platform. The case, assigned to U.S. District Judge Rodney Gilstrap, is 2:24-cv-00719, Alto Dynamics, LLC v. boohoo.com UK Limited.
Featured Firms
Law Offices of Gary Martin Hays & Associates, P.C.
(470) 294-1674
Law Offices of Mark E. Salomone
(857) 444-6468
Smith & Hassler
(713) 739-1250