Data reported in the State Bar of Wisconsin’s 2013 Economics of Practice Survey can help you make independent decisions about the business side of your law practice. The survey includes typical attorney flat rate charges, private practice billing rates, hours per week, billing methods, and more.
In this video, State Bar Practice Management Advisor Nerino Petro discusses the 2013 Economics of Law Practice in Wisconsin Survey. Petro highlights information regarding typical attorney flat rate charges, private practice billing rates, hours per week, billing methods, and more.
Dec. 4, 2013 – The Economics of Practice in Wisconsin: 2013 Survey Report is the most comprehensive resource available to inform and guide Wisconsin’s legal community about practice management decisions. Today’s economic climate is very different today than it was when the last survey was conducted in 2008. The survey, based on 2012 data, provides the detail needed to get a fuller view of the economic picture of practicing law in Wisconsin.
By applying your own data against the survey's aggregate results, you'll see how your individual practice compares. In addition, national studies costing hundreds of dollars often do not provide Wisconsin-specific information. The survey report's straightforward information, charts, and tables can help you make independent decisions to manage your practice more efficiently and effectively. Separate sections cover private practitioners (both solo and in group practices), government/academic attorneys, and corporate attorneys and in-house counsel.
The survey report includes:
- Top areas of practice
- Private practitioner net income, by demographics
- Private practitioner hourly billing rates
- Private practitioner billing methods
- Office expenses and revenues
- Law office support staff salaries
- Work volume for each category (private practice, government/academic, corporate)
- Benefits by employer category
- Billing and timekeeping practices
- Trends in marketing legal services
- Perceptions of the supply and demand for legal services
- Change in workload over past two years and over next two years
- Changes made in billable hours policy
The 2013 survey report is available in PDF format to State Bar members for $79 and nonmembers for $199. Print copies are available to State Bar members for $99 and nonmembers for $249. Order online or call the State Bar at (800) 728-7788.
For an overview, read “A Changing Landscape: The Economics of Practicing Law” in the November Wisconsin Lawyer™ magazine.