How do the managing partners, chairmen and presidents of law firms spend their time? A recent Altman Weil survey shows that while most of them devote 35 percent of their time to firm management, at larger firms, lawyer-managers spend 70 percent of their time on firm management. Then again, managing partners at big firms get paid more, at $750,000, versus $500,000 overall. And nonlawyer-managers get paid a median $450,000 at firms with 130 lawyers or more, versus a median of $155,000 overall.
April 30, 2007 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
How do the managing partners, chairmen and presidents of law firms spend their time?
According to the recently released Altman Weil Inc. 2007 Senior Leadership Survey for Law Firms, they devote 35 percent of their time, on average, to firm management, 10 percent to business development and 45 percent to the practice of law.
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