What is LawCrossing?

For every legal professional:

•Attorneys

•Partners

•Law Students

•Paralegals

•Legal Staff

LawCrossing offers the largest collection of active legal jobs in the world

:From every employer:

•AmLaw 100/200

•Law Firms

•In-House

•Judges

•Public Interest Organizations

Why LawCrossing?

•LawCrossing has more than 50,000 legal jobs, 25 times more than any other job board.

•LawCrossing lists even hidden jobs that you will not find elsewhere.

•LawCrossing collects jobs from more than 250,000 websites and post them on its site.

• LawCrossing does not charge employers to post their jobs.

•LawCrossing is private, and therefore far fewer people are applying for the jobs on its site than are applying for those on public job boards.

Legal industry is a burgeoning sector. Read on to better understand the legal job market and the wide scope that your future holds.

Lawyers per capita are on the rise

• The number of lawyers in the United States has increased steadily over the past half century and is currently estimated at more than 1,143,358.

Source: http://usinfo.state.gov/products/pubs/legalotln/lawyers.htm

Source: ABA Market Research Department, 6/2007

https://www.cia.gov/library/publications/the-world-factbook/print/us.html

Today1970

Lawyers Per Capita

1 Per 263

1 Per 700

Attorney growthLawyers in the U.S.

Graphics dramatically illustrate the growth in lawyer population.

1,000,000

19801980 19901990 19921992

552K

720K973K

1,143K

20072007

Source: ABA Market Research Department, 6/2007

Today’s Active Attorneys

1,143,358

Expect

10% to 20%

growth by 2012

This market will continue to grow

Source: American Bar Association 2007

The percentage of lawyers in the AmLaw 100, the biggest firms, is growing

0

200,000

400,000

600,000

800,000

1,000,000

1,200,000

1985 1995 2000 2004 2007

Number of U.S. Lawyers

% in AmLaw 100

Source: Growing Pains, Alison Frankel, The American Lawyer, May 1, 2006

http://www.law.com/jsp/tal/PubArticleTAL.jsp?id=1145964622373; www.law.com/jsp/article.jsp?id=1209459933263&rss=newswire

1985: 3.8% of 655,191 lawyers

1995: 4.4% of 857,931 lawyers

2000: 5.2% of 1,066,328 lawyers

2004: 6.3% of 1,084,504 lawyers

2007: 6.8% of 1,143,358 lawyers

Attorney growth in the top 250 firms from 1985 to 2007

Source: http://www.law.com/jsp/article.jsp?id=1194602651764

The increase in the number of attorneys at the top 250 firms indicates that firms continue to boost their ranks to meet the demands created by a strong business economy.

Average top law firm partner compensation is growing

• The average profits per partner of AmLaw 100 firms range widely from $375,000 to $1,500,000

Sources: The AmLaw 100 2005, The American Lawyer, July 2005; Competitive Intelligence for Law Firms Altman Weil Pensa surveys

0

200,000

400,000

600,000

800,000

1,000,000

1,200,000

1,400,000

1,600,000

1997

2001

2004

Serious money

• AmLaw 100 average profit per partner: $1,065,000

• AmLaw 200 average profit per partner: $590,000

Sources: (The American Lawyer, June 2006)

Salaries for new attorneys are at an all-time high on the coasts

• In 2007, midsize L.A. firm Irell & Manella and L.A. litigation firm Quinn Emanuel Urquhart Oliver & Hedges boosted pay to $160,000.

• Gibson Dunn became the first large firm to follow suit in December, and several major firms on the East Coast then fell into line.

• In 2007, New York firms such as Skadden, Arps; Sullivan & Cromwell; Kirkland & Ellis and Weil, Gotschal & Manges and others began starting new associates at $160,000.

Sources: Associate salary war moves to mid-U.S., National Law Journal, Leigh Jones/Staff reporter, June 8, 2006

December, 2006, BCG Research Top Recruiter Survey, www.law.com/jsp/nlj/PubArticleNLJ.jsp?id=1069170401903

Mid-America law firm starting salaries are not far behind

The nation's middle regions are matching the $160,000-plus salaries of beginning attorneys.

Farella Braun & Martel, Perkins Coie,

increased compensation to $160,000 for the first-year associates it will hire in 2008.

Source: www.nalpdirectory.com/dledir_search_results.asp?fscid=f055904&yr=2008&orgtypeid=F

Lawyer median income in 2-3 years after law school

TOP 10 Schools

TOP 11-20 Schools

TOP 21-100 Schools

TIER 3 Schools

TIER 4 Schools

# LAWYERS

IN OFFICE

MEDIANSALARY

% MEDIANSALARY

% MEDIANSALARY

% MEDIANSALARY

% MEDIANSALARY

%

Solo - 0% - 2% 50,000 4% $55,000 6% $57,500 8%

2-20 135,000 6% 75,500 16% 60,000 29% 55,000 36% 54,500 41%

21-100 130,000 20% 130,000 27% 94.000 20% 85,000 15% 79,500 12%

101-250 145,000 25% 135,000 22% 107,000 10% 95,000 6% - 2%

251+ 150,000 25% 140,000 11% 135,000 5% 137,000 3% - 1%

Business 120,000 6% 80,000 5% 84,000 9% 70,000 11% 80,000 11/5

Source: After the JD: First Results of a National Study of Legal Careers, NALP Foundation, 2004, http://www.nalpfoundation.org/webmodules/articles/articlefiles/87-After_JD_2004_web.pdf

Revenue by industry

Source: U.S. Census Bureau, http://www.census.gov/econ/census02/

05,000,000

10,000,00015,000,000

20,000,00025,000,00030,000,00035,000,00040,000,00045,000,00050,000,000

Movie Exhibition$11,211,397,000

Bars $13,995,489,000

Spectator sports$21,933,413,000

Book publishers$27,162,866,000

CPA's$48,548,817,000

Revenue by thousands

Actual revenue

And how much revenue is generated by the legal industry?

Comparisons to the legal industry

020,000,00040,000,00060,000,00080,000,000

100,000,000120,000,000140,000,000

160,000,000180,000,000200,000,000 Movie Exhibition

$11,211,397,000

Bars $14,995,489,000

Spectator sports$21,933,413,000

Book publishers$27,162,866,000

CPA's $48,548,817,000

Legal industry$182,650,380,000

Revenue by thousands

Actual revenue

Source: U.S. Census Bureau, http://www.census.gov/econ/census02/

Legal industry revenue is growing

• Over the past ten years, the average gross revenue of the top 250 firms nationwide increased by 56% to $265.5 million.

• During the same time period, average annual profits per partner at these firms rose by 34% to $755,000.

Source: http://www.judicialaccountability.org/baraccountability6.htm

56% increase in 10 years!

$265.5 million

Financial growth of one firm

• Skadden, Arps, Slate, Meagher & Flom declared that the firm was the first to gross 2.2 billion dollars a year.

• In 1978, the firm had 160 lawyers and grossed $30 million.

• In 2007, the 421 equity partners of the firm earned a stunning profit of an average of $2.28 million for the year.

Source: http://www.judicialaccountability.org/baraccountability6.htm, http://www.law.com/jsp/nylj/PubArticleNY.jsp?id=1209459934571, http://www.nylawyer.com/adgifs/decisions/043008chart.pdf

0

500

1000

1500

2000

2500

Gross

1978

2004

2007

1978: $30 million

Today: $2.2 billion

Hourly billing rates on the rise

• In another survey, about 75% of the 250 largest law firms said they raised their billing rates in 2006.

• In big cities, some partners are billing out at $1,000 per hour or even more.

• Here are some sample attorney hourly billing rates: **

Sources: *NLJ, http://www.law.com/jsp/nlj/PubArticleNLJ.jsp?id=1165582055184

**http://www.law.com/special/professionals/nlj/2002/firm_by_firm_sampling_of_billing_rates_nationwide.shtml

Akin, Gump, Strauss, Hauer & Feld (Washington, DC) Partners $350-$600 Associates $170-$330

Cooley Godward (Palo Alto, CA) Partners $330-$600 Associates $190-$425

Kramer Levin Naftalis & Frankel (New York, NY) Partners $440-$625 Associates $210-$440

Locke Liddell & Sapp (Houston, TX) Partners $300-$595Associates $150-$350

Even average lawyers are affluent consumers

Source: American Bar Association

• Average household income: $199,000

• Attorney Average Household Income by Firm Size: – 1-9 lawyers: $176,000 – 10-99 lawyers: $204,000 – 100-499 lawyers: $241,000 – 500+ lawyers: $363,000

Top lawyers make even more

• Average employment income: $689,800

• Average household income: $846,000

• Total market value of investments: $3.289 million

• Average household net worth: $4.0 million

Sources: Survey, The American Lawyer, Survey American Bar Association

$0$100,000$200,000$300,000$400,000$500,000$600,000$700,000$800,000$900,000

Personal Household

Average U.S.Adult

AverageLawyer

Average TopLawyer

Income Income

Legal market breakdown

The Cream Of The Crop

Top 200 Firms

• The top 200 firms have revenues from $940,000 to $1,610,000.

• The smallest firm in the top 200 by revenue law firms has 129 attorneys.

• There are approximately 69,000 attorneys in the top 100 firms.

Sources: http://www.law.com/jsp/tal/PubArticleTAL.jsp?hubtype=Cover+Story&id=1148634338793

http://www.law.com/jsp/tal/PubArticleTAL.jsp?hubtype=Cover+Story&id=1145803851957, American Lawyer

A breakdown of the legal profession:74% are in private practice

0

5

10

15

20

25

30 Professor

Judge

Corp. exec.

Of counsel

Corp. lawyer

Govt. lawyer

Other

Solo

Sr. MgingPartnerPartner

Associate

Source: American Bar Association survey

1.3%

2%

2.5%

3%

5.4%

10.1%

10.3%

11.5%

14.7%

15.7%

25.3%

Law firm hierarchy

Basic structure for law office

Managing partnerExecutive committee

Senior partner of specialty

Senior partner of specialty

Senior partner of specialty

Senior partner of specialty

Librarian MIS Acquisition Directors

Paralegal

Attorney Attorney Attorney Attorney Attorney Attorney Attorney Attorney

Attorney Attorney Attorney Attorney Attorney Attorney Attorney Attorney

Paralegal Paralegal Paralegal

You must play one firm off the next.

LawCrossing Vs. Other Job Boards

Number of Jobs in each Job Board in US Approximate figures – subject to change

2,632 3,005300 2,300

130,000

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