2019 Offices of Lawyers Market Research Report
Over the past 3 years, the Offices of Lawyers industry in the U.S. has averaged annual growth of 5.7% to reach $296.4 billion in revenue. The 2019 Offices of Lawyers Market Research Report is an in-depth evaluation of the industry in the United States.
The Offices of Lawyers 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.
The report is based on extensive and comprehensive business surveys and 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.
Below are select highlights from the report:
In 2018, industry sales were $296.4 billion
Purchase now for historical and forecasted market size
Over the past 3 years, the industry has grown at an annual rate of 5.7%
The report has historical, annual and forecasted growth rates
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 were $1.6 million
Purchase now for historical and forecasted sales per company
INFLATION & PRICING
2019 forecasted inflation is 3.4%
The report has historicals, 4 years of monthly figures, and the 5-year forecast
For unprofitable companies, the average net loss is -9.4%
The report has more on market and profitability dynamics
Employee productivity is $247,516
Learn more about historical and forecasted employee productivity
3.9% of expenses are spent on health insurance
Benchmark against 24 other expense categories
In 2018, industry operating expenses grew 4.7%
Purchase now for historical and forecasted OPEX
In 2018, payroll per employee was $90,684
Get the full picture with historicals and the 2019 and 5-year forecasts
PAYROLL BY STATE
California averages $102,691 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.
Purchase the 2019 Offices of Lawyers Market Research Report now to unlock the insight from one of the most trusted research firms.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.Download eBook