State Bar Law Practice Management Section to Present Results of 2003 Survey

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State Bar Law Practice Management Section to Present Results of 2003 Survey

9/11/03

Results of the 2003 Economics of Law Practice Survey will be revealed Thursday, September 11 during the State Bar of Michigan's Annual Meeting in downtown Lansing. The Bar's Law Practice Management Section will hold a business meeting followed by a panel discussion on the survey results from 1 to 5 p.m. in Room 205 of the Lansing Center. Dr. Lawrence H. Stiffman from Applied Statistics Laboratory in Ann Arbor, conducted the survey and will lead the discussion.

The last survey was presented in 2000. Over the past 30 years, the State Bar has surveyed and published information on the economics of law practice in Michigan. During this period the number of attorneys in Michigan has increased steadily from about 12,000 in the early 1970s to 33,000 currently.

The survey, which was conducted in the spring of 2003 reports on:

Current membership demographics and its geographic distribution;
Attorney practice (legal) classification and net income by location, tenure and firm size;
Associate, legal assistant, and secretary compensation by tenure and experience;
Prevailing average hourly billing rates for attorneys and legal assistants;
Time allocated to billable and non-billable professional activities;
Overhead expenses associated with maintaining a private practice by location and firm size; and
Perceptions on current and future economic circumstances related to law practice.

A summary of the survey results will be available on the State Bar's web site, www.michbar.org and will be published in the November 2003 issue of the Michigan Bar Journal.

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