Mid-Size, Small Firm Revenues and Partner Compensation

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rayiner
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Mid-Size, Small Firm Revenues and Partner Compensation

Postby rayiner » Wed Jun 13, 2012 7:56 pm

AmLaw and NLJ posted some great information in their 2010 survey of law firm economics, regarding economics at small and midsize firms: http://pdfserver.amlaw.com/nlj/SLFE_graphics.pdf.

The data is based on a survey of 187 small and mid-sized firms, most with less than 150 lawyers.

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TrialLawyer16
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Re: Mid-Size, Small Firm Revenues and Partner Compensation

Postby TrialLawyer16 » Wed Jun 13, 2012 8:11 pm

Nice. I found the part about Top-Earning Partners by City and their comparisons to New York to be quite interesting. From what I'm gathering it looks like they are saying is 920k in DC has the same purchasing power as 1.15Mil in NYC (yessss). That's pretty incredible they state that 493k in Grand Rapids, Mich, has the same purchasing power as 1.03Mil in NYC.

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Re: Mid-Size, Small Firm Revenues and Partner Compensation

Postby Anonymous User » Wed Jun 13, 2012 8:22 pm

TrialLawyer16 wrote:Nice. I found the part about Top-Earning Partners by City and their comparisons to New York to be quite interesting. From what I'm gathering it looks like they are saying is 920k in DC has the same purchasing power as 1.15Mil in NYC (yessss). That's pretty incredible they state that 493k in Grand Rapids, Mich, has the same purchasing power as 1.03Mil in NYC.


This is pretty much a given. You get more in lesser-markets. Not sure this is anything new.

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TrialLawyer16
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Re: Mid-Size, Small Firm Revenues and Partner Compensation

Postby TrialLawyer16 » Wed Jun 13, 2012 8:27 pm

Anonymous User wrote:
TrialLawyer16 wrote:Nice. I found the part about Top-Earning Partners by City and their comparisons to New York to be quite interesting. From what I'm gathering it looks like they are saying is 920k in DC has the same purchasing power as 1.15Mil in NYC (yessss). That's pretty incredible they state that 493k in Grand Rapids, Mich, has the same purchasing power as 1.03Mil in NYC.


This is pretty much a given. You get more in lesser-markets. Not sure this is anything new.

Yeah, I just didn't know the disparity was that big.

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Ruxin1
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Re: Mid-Size, Small Firm Revenues and Partner Compensation

Postby Ruxin1 » Wed Jun 13, 2012 8:31 pm

TrialLawyer16 wrote:
Anonymous User wrote:
TrialLawyer16 wrote:Nice. I found the part about Top-Earning Partners by City and their comparisons to New York to be quite interesting. From what I'm gathering it looks like they are saying is 920k in DC has the same purchasing power as 1.15Mil in NYC (yessss). That's pretty incredible they state that 493k in Grand Rapids, Mich, has the same purchasing power as 1.03Mil in NYC.


This is pretty much a given. You get more in lesser-markets. Not sure this is anything new.

Yeah, I just didn't know the disparity was that big.


Chipotle is like $12 in NYC, fuuuuuu that :evil:

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Re: Mid-Size, Small Firm Revenues and Partner Compensation

Postby Anonymous User » Wed Jun 13, 2012 8:34 pm

TrialLawyer16 wrote:
Anonymous User wrote:
TrialLawyer16 wrote:Nice. I found the part about Top-Earning Partners by City and their comparisons to New York to be quite interesting. From what I'm gathering it looks like they are saying is 920k in DC has the same purchasing power as 1.15Mil in NYC (yessss). That's pretty incredible they state that 493k in Grand Rapids, Mich, has the same purchasing power as 1.03Mil in NYC.


This is pretty much a given. You get more in lesser-markets. Not sure this is anything new.

Yeah, I just didn't know the disparity was that big.


Which makes it odd that everyone wants to work in large markets. There's more potential in mid-markets.

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TrialLawyer16
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Re: Mid-Size, Small Firm Revenues and Partner Compensation

Postby TrialLawyer16 » Wed Jun 13, 2012 8:56 pm

Anonymous User wrote:
TrialLawyer16 wrote:
Anonymous User wrote:
TrialLawyer16 wrote:Nice. I found the part about Top-Earning Partners by City and their comparisons to New York to be quite interesting. From what I'm gathering it looks like they are saying is 920k in DC has the same purchasing power as 1.15Mil in NYC (yessss). That's pretty incredible they state that 493k in Grand Rapids, Mich, has the same purchasing power as 1.03Mil in NYC.


This is pretty much a given. You get more in lesser-markets. Not sure this is anything new.

Yeah, I just didn't know the disparity was that big.


Which makes it odd that everyone wants to work in large markets. There's more potential in mid-markets.

Yeah I hear you. I'm actually from the DC area (like literally 10 mins away from the White House/Wilmerhale etc.) which is why I want to work here, but I'm pretty sure I wouldn't move to a big market just because of a job and in this situation it actually makes sense not to.




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