Compensation / Other Resources
A great Leadership Conference. The MPIEs always excel.
I look forward to this Conference every year. It really helps me to be a more effective firm leader.
A very organized and well-run conference. Great food. Great hospitality.
Thank you for allowing me to participate. Your team is masterful at making all feel valued at your event and I dare say helping attendees see the value in attending.
Thank you for the invite to speak on the Managing Partner panel. Even though I have now attended 7 MPFs, I always bring back substantive and helpful information for my partners.
Hands down the best leadership conference for managing partners I've ever attended.
I highly recommend the MPF Leadership Conference. I've participated many times, as have several of my partners. We leave with new ideas and fresh perspectives every time.
I thoroughly enjoyed participating in this year's Conference. Thank you for your enthusiasm and leadership.
Thank you for what you do for our industry. I go to a lot of conferences, and your event is the one I look forward to and gain the most from each year.
Thank you for putting on another outstanding MPF Conference. I came away, once again, feeling reassured and encouraged.
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AttachmentThis brief report provides national data for 35 positions – both lawyers and support staff – broken down by firm size. Its data is based on survey results from over 5,000 respondents in 38 cities. It also provides four industry insights. Here are few interesting nuggets:
- The average total compensation for law firm COOs is $167,075
- The average Non-Equity Partner made $266,640 in 2018
- Average scores on the multi-state bar exam dropped to the lowest level since the exam was first administered in 1972
How well is your firm paying its people when compared to these national averages?
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Attachment
This 30-page report includes salary ranges for nearly 50 different positions, then a variance chart to adjust the salaries to your city. The data is based on actual placements made by Robert Half in both the US and Canada. The report also includes hiring trends for legal professionals and in-demand practice areas. Here are a few highlights:
- More US law firms are using personality assessments to help reduce turnover rates for both lawyers and support staff
- Demand is growing for tech-savvy support staff, with the hybrid paralegal/legal assistant role becoming more commonplace
- Litigation, real estate, compliance and health care are among the high-growth practice areas for US law firms.
This report includes some data and we think it’s presented very well.
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Read More
This year, ALA has collected data for more than 60 different positions from more than 1,000 law office locations in 50 states. As an example, click here to see excerpts from the 2017 report, including compensation for law firm COOs and Executive Directors, key staffing ratios, and associate billable hour expectations. Importantly, you'll note that data is broken down by firm size, region and other factors.
- The ALA Survey is the most comprehensive tool for determining compensation and benefits for legal management staff for firms of all types, sizes and locations.
- The report includes critical bench-marking data for associate attorneys, as well as legal management staff positions. This year, they've also added questions about succession planning and partner capital contributions.
- ALA is offering substantial discounts to readers of The MPF Weekly. Use the promotional code “MPF2018" when you place your order.
With 400+ pages of information, these Reports are essential tools to determine compensation and benefits for your firm's management staff. We highly recommend them.
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For this year's Reports, ALA (Association of Legal Administrators) has collected data for 60+ different positions in 40+ metropolitan areas, including compensation information for law firm COOs, Executive Directors and other key positions, as well as key staffing ratios and associate billable hour expectations. Importantly, the Reports break down the data by firm size, region and a myriad of other factors. With 400+ pages of information, these Reports are essential tools to determine compensation and benefits for your firm's management staff. MPF readers get $100 off the purchase price. The promotional code is “MPF2017.”
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Ever wonder how your firm compensates its non-lawyer administrative and support staff compared to other firms of your size and/or in your state or region? Look no further than The ALA’s 2016 Compensation & Benefits Survey, which is now available online for both members and non-members of the association. This comprehensive 380-page report covers just about every position imaginable, and will give you the data you need to know if you’re paying your people at, above or below market rates. It’s a great tool to help your firm put together its budgets for next year.
For example, Marketing Directors in New York make $181,000, on average. IT Directors in Seattle make $137,000, on average. This is indispensable information as your firm assesses salaries for your current personnel and considers hiring new people in the coming year.
Additional Information
Please contact us at 404.885.9100 or info@managingpartnerforum.org
