February 23, 2007
Over 600 complete the 2007 Columbus Bar economic survey
Earlier this month, the Columbus Bar Association conducted an online economic survey of current Columbus Bar attorney members. The purpose of this confidential survey was to provide an economic snapshot of practicing law in central
Questions were asked about attorney compensation, overhead expenses, fee setting, billing practices and other important economic topics. Some results:
- When asked “In the past two years, what has happened to your net income from practicing law?” 66 percent of respondents said it has increased, 12 percent said it has decreased and 22 percent reported that it stayed the same.
- When looking at billable hours, 40 percent of respondents stated that 30 to 39 hours each week are billable, 21 percent reported 40 to 50 hours and 14 percent noted 20 to 29 hours.
- When asked about overhead costs, 53 percent of respondents said that costs had increased, 10 percent reported that costs had decreased and 36 percent said that overhead costs had remained the same.
The complete snapshot summary can be found here.