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In a Martindale Legal Marketing Network survey of solo and small-firm lawyers, median earnings were $140,000; 68 percent of respondents reported they felt they were fairly compensated for their work. Do salary figures reported in the survey align with the market? Answer in the comments.
Read the answers to last week’s question: What is the most you’ve ever billed or worked in a year?
Featured answer:
Posted by Bob F: “As a Cravath associate in the 1980s for nearly 10 years, my ‘low’ was 2,500 hours and my ‘high’ was 3,500. During one nine-month stretch on takeover litigation as the lead associate, I averaged 90 hours a week, and at the end of it worked for 56 hours straight without a break or any sleep, to meet a filing deadline (made by chartering a helicopter to get the papers to court on time). I wouldn’t trade those years for anything. It was the best work possible for a young lawyer, at the best law firm on earth.”