Research Reports

The expanded 2008 edition of IOMA's respected research report, Law Firm Practice Management Performance Benchmarks Survey, provides exclusive results from LOMAR’s annual survey of law firms. With it, you can shore up your firm’s processes by comparing your performance to that of your peers in firms across the country.

In this one-of-a-kind report, you get proprietary data and analysis on law firm financial management, lawyer compensation, fees and billing, staff compensation and benefits, administrators’ responsibilities, and much more.

Prepared by the editor of the well-regarded monthly newsletter, Law Office Management & Administration Report, this edition reveals many key statistics, such as:

• Billing rates averaged $353 for law firm partners, $246 for associates, and $123 for legal assistants.

• Only 14% of large law firms and 9% of firms, overall, planned to merge with or acquire other firms in 2008, compared to 43% in 2007.

• In 2007, on average, firms hired only 3 first year associates, lateral associates, or lateral partners, down from 12 in 2006 and 10 in 2005.

• About 70% of responding firms require that new partners buy into their firms for 2007, compared to 65% in 2006.

• And much more.

You'll also find information about partner distributions, capitalization, staffing levels, marketing and client development, and more.

No-Risk Web Offer: You get IOMA's Ironclad 100% Money-Back Guarantee: if you're dissatisfied with your print report for any reason, return it within 30 days and you'll receive a full refund — with no questions asked. (Sorry, IOMA cannot grant refunds on electronic purchases.)

Click here to review this report's Table of Contents and Introduction.