$198,000 Was The Mean Annual Compensation, And Most Attorneys Would Have Chosen A Law Career Again.
The Martindale Legal Marketing Network, in 2018, has initiated its first annual Attorney Compensation Report which involved a survey of more than 7,800 U.S. attorneys across two dozen practice areas—concentrating on 6,902 full-time practitioners who were either solo practitioners or attorneys practicing in small law firms. The results were for 2017.
With respect to annual compensation, the average annual full-time compensation on a mean basis was $198,000 and $140,000 on a median basis. Intellectual property attorneys did the best at $240,000 while immigration attorneys earned the least with an average of $131,000. However, compensation did increase in 2017 for 45% of the responding attorneys.
As far as geography, Western region attorneys (California, Hawaii, and Alaska) earning the most, followed by the South Central (Texas, Oklahoma, and Arkansas).
Most attorney compensation was provided through hourly billable services.
Time with clients is diminishing, with less than 20 hours weekly being devoted to meeting with clients or representing them in court/other judicial bodies.
Attorneys valued client relationships the most.
76% of surveyed attorneys would choose to the practice in the same areas of the law, and 73% said they would choose a law career again.