NEW Economics and Law Practice Management Survey
Have you ever wondered how your practice compares to other law offices in East Tennessee? Are you curious about total billable hours, salaries, benefits, staffing ratios, and job satisfaction for local attorneys? While the demand for legal services tends to fluctuate over time and across practice areas, you might find it helpful to learn about billing rates for attorneys and paralegals. The volatility of the economy in recent years has been accompanied by fears of skyrocketing overhead expenses for law firms. Overhead costs vary dramatically depending on the size and type of law firm. The survey will break down the factors that most impact financial success and drive the need for a strategic view of firms’ operations and the development of future plans. The KBA’s Economics and Law Practice Management Survey was conducted in 2019 and 2021, and since that time, the survey results have been used often by members in all different practice areas. View the results of past surveys.
What to expect:
On August 7, every attorney member of the KBA will receive an email containing a link to the survey. You can begin the survey and return to it as needed until completed without losing your answers. The survey will remain open until September 11. As an incentive, the ABA Division of Bar Services staff will randomly select two participants to win $250 Amazon gift cards.
The survey takes 15 minutes to complete, and if you don’t know the answer to a question, leave it blank. To obtain meaningful results, we need a sufficient number of participants to complete the survey. To ensure confidentiality, the KBA has contracted with the ABA Division of Bar Services to conduct the survey in a manner that completely protects the privacy of each respondent, even from the KBA. Skip logic has been built in, so you won't spend time answering questions not relevant to your practice setting.
We need every member to participate in this confidential survey. When you complete the survey, you’re contributing to a more comprehensive and detailed data set that can provide your office the edge it needs to stay competitive, especially in the realms of recruitment and retention. The more firms that participate, the more useful the survey results will be.
The survey results will be reported in December at the KBA Annual Meeting and will include the data from the 2019 and 2021 surveys for comparison. The survey results will also be filtered by years in practice, employment setting, and firm size. We need your participation to provide members with valuable information regarding the economics and law office management of our local legal community.
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