Compensation in the world of small law is both less standardized and less transparent than it is in the Biglaw universe. If attorneys do not already know what market rate pay is for associates at the nation’s largest law firms, they know how to find out.
Benchmarking salaries and bonuses for attorneys working in smaller practices is not as straightforward. Recognizing this gap, Above the Law (ATL) publishes a compensation report specifically tailored for solo practitioners and small firm lawyers, and it is currently updating its data for 2024.
The survey aims to collect detailed and confidential information from lawyers at firms with 50 or fewer attorneys. By participating in the survey, attorneys can contribute to a comprehensive understanding of compensation trends in smaller practices. The more responses received, the more accurate and helpful the report will be for legal professionals navigating the smaller-scale firm environment.
If you are a lawyer fitting this demographic, you are encouraged to take the survey. Your participation will offer invaluable insights, benefiting the broader community of solo and small firm lawyers.
For more details, you can read the full article here.