The 2019 Offices of Lawyers Market Research Report is an in-depth evaluation of the industry in the United States.
The report is based on extensive and comprehensive business surveys. This report is utilized for a range of strategic purposes, including benchmarking, due diligence, cost cutting, planning, evaluating opportunities, forecasting, streamlining, and gap analysis. The report includes over 100 insightful data sets, such historical and forecasted industry sales, operating expense details, product line breakdown, financial ratios, benchmarks, wages, profitability, organizational analysis, revenue per employee, state statistics, price inflation, consolidation analysis, firm dynamics, pay ranges for different roles, firm size data, employment, and much more.
Review the table of contents or download a sample report to see the broad and in-depth insights, which leaders have come to depend on for their research, strategic and benchmarking needs.
This industry comprises offices of legal practitioners known as lawyers or attorneys (i.e., counselors-at-law) primarily engaged in the practice of law. Companies in this industry may provide expertise in a range or in specific areas of law, such as criminal law, corporate law, family and estate law, patent law, real estate law, or tax law.
Below are select highlights from the report:
INDUSTRY SIZE In 2018, industry sales were $296.4 billion Purchase now for historical and forecasted market size
INDUSTRY GROWTH Over the past 3 years, the industry has grown at an annual rate of 5.7% Purchase now for historical, annual and forecasted growth rates
COMPANY GROWTH There are 171,164 companies in the industry Learn more about the historical and forecasted industry composition
SALES PER COMPANY In 2018, the average sales per company was $SALES PER COMPANY In 2018, the average sales per company was $1.6 million Purchase now for historical and forecasted sales per company
INFLATION & PRICING 2019 forecasted inflation is 3.2% Purchase now for historical industry inflation and the 5-year forecast
PROFITABILITY For unprofitable companies, the average net loss is PROFITABILITY For unprofitable companies, the average net loss is -9.4% Purchase now to learn more about profitability dynamics
RIGHTSIZING ANALYSIS Employee productivity is $RIGHTSIZING ANALYSIS Employee productivity is $247,516 Purchase now for historical and forecasted employee productivity
EXPENSE BENCHMARKING 3.9% of expenses is spent on health insurance Benchmark against 24 other expense categories
OPERATING EXPENSES In 2018, industry operating expenses grew 4.7% Purchase now for historical and forecasted OPEX
PAYROLL In 2018, payroll per employee was $90,315 Get the full picture with historicals and the 2019 and 5-year forecasts
PAYROLL BY STATE California averages $135,219 in payroll per employee Purchase now for payroll stats on other states
JOB CATEGORIZATION BENCHMARKS 2.5% of employees in the industry are in management positions Benchmark against 13 other job categories
JOB CATEGORIZATION PAY RANGES The average industry hourly pay for office and administrative jobs is $21.84 Purchase now for the bottom 10%, 25%, average, top 75% and 90% pay ranges in 14 job categories
The above highlights represent a small fraction of what you will find in this report.
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