ALMResearchBlog

Law School Hiring Stats

As part of its annual NLJ 250 survey, the National Law Journal surveyed the firms—including the ones that didn’t make the top 250 firms list—about their hiring: which law schools they hired from and how many were hired from each law school. That information is now available from ALM Research Online in the Lists & Rankings section as the 2007 Law School Hiring Survey. As a bonus, firms also contributed information about how many associates were elevated to partnership in 2007.

Survey: Women in Large Firms Advance at Same Rate as Men, but Earn Less

According to a survey conducted by the National Association of Women Lawyers and reported in the National Law Journal, the nation's largest law firms are in a bit of a holding pattern when it comes to the advancement of women within the firms. The group's second annual survey shows the numbers of women in equity partnership and management have stayed about the same since last year, while the pay disparity between male and female attorneys has increased at certain levels.

Librarian Salaries: 2007 SLA Survey Shows Pay Increases Outpace Inflation

The Special Libraries Association recently released the results of its 2007 Salary Survey and Workplace Study. The study contains salary information and other data from respondents in Europe, including the UK. According to the press release, the average salary increases for SLA members in the U.S and Canada have outpaced inflation yet again. Based on salaries as of April 2007 for U.S. based respondents, the increase in salaries for 2007 over 2006 was 5.1%. This is 1.1% higher than the increase from 2005 to 2006. The average salary for U.S. members who answered the survey was US$ 69,446, compared with US$ 67,400 reported in 2006. The average for Canadian members was CAN$ 67,171 compared with CAN$ 65,522 in 2006. Salaries for Canadian members were 4.9% higher on 1 April 2007, than a year earlier, while the CPI had increased just 2% in the same period. More information about the survey can be found here.

Marketing Salaries: North American Firms Pay 24% More to Their Managers

According to a recent “snapshot survey” on marketing salaries by PM Forum, North American firms pay 24% more than U.K. firms to their managers an directors, though they pay similar amounts to junior marketers. Global firms pay the highest, as do firms with headcounts of between 1,000 and 10,000.

The survey, which had 470 marketing respondents in professional services firms worldwide, also found that law firms pay 12.3% more to marketers than accountancy firms. A free report is available by click here .

Just released: Survey of Billing Rates at Small and Midsize Firms and Solo Practices

The ALM Research Survey Report on Billing Rates and Practices should not be confused with the recently published National Law Journal Billing Survey. While NLJ's survey focuses on the large firms (the NLJ 250), the ALM Research survey studied billing rates and trends in small and midsize firms and solo practices.

This is our first-ever syndicated survey of billing information for this segment of the legal industry; over 5,000 lawyers responded. The report includes analyses of billing rates and alternative billing practices based on firm size, geography, practice area, client industry, number of years in practice, and gender. Pricing information and further details are available for the full report (print and PDF file) or just the PDF file. Contact Chuck Lowry, director of client relations for questions about the survey.

Survey: Corporate Counsel Costs Up 7 Percent

According to this report in The National Law Journal of a new survey from Altman Weil and LexisNexis Martindale-Hubbell, corporate law department internal spending climbed by 7 percent while outside spending edged up by 1.4 percent at American companies with more than $5 billion in revenue. The increase translates to costs of $346,497 per lawyer, driven chiefly by an average 19.2 percent bump in lawyer compensation and benefits. Outside expenditures now average $616,519 per lawyer, ranging from above $1 million in the chemical manufacturing industry to $251,405 per lawyer in the insurance industry. The survey data, collected from 144 companies in the spring, reflects fiscal year 2006 spending.

2007 Global Hedge Fund Survey

The world’s leading hedge funds managers are more concerned about attracting and retaining talented people and managing growth than anything else, according to the 2007 Global Hedge Fund Survey  “Navigating New Complexities,” published by Ernst & Young. The poll of over 100 top global hedge funds (and fund of funds) managers, collectively managing some US$900 billion in assets, shows that retaining the right people (42%) and managing growth (39%) are the highest level challenges over the next year, compared to just 9% who anticipate investing or developing in new products. Respondents were principals, chief operating officers and chief financial officers at these funds.

Patent and Trademark Office Issues Performance and Accountability Report

According to this report on Docuticker, the USPTO has just issued its FY 2007 Performance and Accountability Report. Patent quality and productivity are at historic highs, according to the USPTO press release. In 2007, patent examiners examined the highest number of applications in history—362,227, and quality compliance was at 96.5%, equaling last year’s results. In addition, patent examiner decisions were upheld by the patent appeals board 69% of the time, up from 51% in 2005.

For the second year in a row, the USPTO exceeded all of its trademark-related performance goals: a record number of applications were examined—323,527. Quality was up 97.4%. And, the average time from filing an initial trademark application to a preliminary decision was below 3 months.

Technology: Too Much?

A report of a recent survey of 115 lawyers at “multinational firms” and their uses of technology appeared recently on the Inhouse Blog, noting that the majority (56.1%) of respondents reported that technology led to longer working hours, but 46.5% said “technology made their working life more satisfying despite the longer hours, ad many were allowed to work from home.” The survey was conducted by law firm Kemp Little and the PLC Law Department magazine.

On a related note, the results of the Legal Technology Market Assessment Study, conducted by Cogent Research  and published by ALM Research are now available by topic—case management, document management, CRM, electronic discovery, and online research. The “LTMAS” Survey measured user satisfaction and brand loyalty to a variety of products within each product genre. The full report also covers budget and purchase plans for the coming year. For more information about this survey and the various reports, contact Chuck Lowry, director of client relations at clowry@alm.com.

Poll: U.K. Lawyers Over-Confident on Client Service

Lawyers—barristers, that is—in the U.K. rate the quality of service they provide far higher than those who receive it, according to a new poll commissioned by the Bar Standards Board (BSB), according to a recent report in Legal Week . According to the findings of the MORI poll, which surveyed solicitors, prisoners and members of the public as well as barristers between December 2006 and August 2007, 89% of barristers said they were satisfied they spent enough time with their clients. However, just two-thirds (66%) of solicitors agreed – a proportion that dropped to 57% among members of the general public. By contrast, 96% of participants in the survey said barristers are honest, act with integrity and provide ‘good’ or ‘excellent’ advice and guidance. The survey, which will be conducted on a regular basis every two to three years, is in line with a BSB pledge to make evidence-based regulation a cornerstone of its regime.