September 11, 2006
Survey Discloses Factors That Influence Law Firm Partner Earnings
In a previous post, I referred to a soon-to-be-released survey. Well, it has been released. Juris, Inc. just announced the release of the latest annual Juris Law Firm Economic Survey. The survey of midsized firms covers financial results for the year 2005.
The survey identifies ten important factors that influence law firm financial performance. You will find that the top performing firms excelled across all key performance indicators, not just one or two. Firms that understood those factors, set goals, measured performance, and held people accountable dramatically outperformed others. The disparity in per-partner income between the top performing 25 percent of firms and the rest of the pack is eye-opening. Partners in the top 25 percent earn twice the income of the next quartile and more than seven times the per-partner income of the lowest 25 percent.
The Juris economic survey, one of the largest in the legal community, is unique in targeting midsized law firms. This year’s survey results are compiled from 274 participating midsized firms in 142 cities spread over 40 states and represent 6,000 lawyers.
Midsized law firms can use the 55-page survey report to identify where they stand against their peers. They will find the accompanying analysis and recommendations of the Juris team a useful tool for increasing financial performance.
The annual Juris survey is shipped automatically to those firms who participated in the survey. This year’s survey is available to others for $375. For more information, select the link below.
Morepartnerincome.com is sponsored by Juris, Inc. For information about Juris® products and services for increasing law firm performance and partner income, go to www.Juris.com.
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Filed under Blog by Tom Collins