New survey shows lawyers working less
Lawyers may be working less, but are they happier? Are they making a standard of living that can support their families?
Here are some draft conclusions from a recent survey:
In a survey comparing current results with results of 5 years ago, the survey shows some interesting differences:
50% of solo practitioners are working less than 35 hours (36% are working less than 25 hours)
6% in firms of more than 75 lawyers are working less than 35 hours
5% of solo practitioners are working more than 60 hours
9% in firms of more than 75 lawyers are working more than 60 hours
The ranks of the sole practitioner and the small firm (2-5) have increased by about 10% as compared to 5 years ago
Females make up almost half of the attorney population under the age of 35
More members of the Bar are making less than $50,000 and more members are making more than $300,000 than 5 years ago
In further part, this challenge is supported by empirical data I gather from lawyers that seek me out to coach them to higher levels of economic success, whether as solos or as members of a firm.
Tags: Cash Flow - FinancesCategorized in: Cash Flow - Finances