Compared to the intense interest paid to compensation trends within the large law firm market, solo practitioner and small-firm attorney compensation is, by contrast, a matter of far less transparency and attention. Yet the solo and small-firm compensation landscape is of much greater actual relevance to most lawyers. Law firms employ three-quarters of all attorneys, and 95 percent of firms have 20 lawyers or fewer.
Reliable, detailed information on compensation for this majority of the profession is scarce. So, mindful of this gap, we’ve drawn upon our ongoing survey efforts of our practicing attorney audience and present the third installment of our ATL Solo and Small Firm Compensation Report, in partnership with our friends at Thomson Reuters.
- Total annual compensation
- Target bonus (as a percentage of base pay)
- Actual bonus
- Average raise
- Percentage of total compensation based on collections and/or origination fees
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