The full results of the 2020 Economics of Law Practice Survey are now available online at www.michbar.org (click on “publications”).
The State Bar of Michigan conducts this survey every three years to update a database that’s used by many courts to determine attorney fees.
The survey of Michigan attorneys also helps monitor key trends within the legal profession and can be used to guide practice management decisions.
The 2020 survey showed that the median billing rate for attorneys in private practice is $250 – unchanged from the 2017 survey.
When asked whether attorneys think their economic circumstances are better, worse or the same compared to three years ago, they responded:
• Private Practice
Better - 38.1%
Worse - 21.2%
Same - 36.9%
• Non-Private Practice
Better - 50.1%
Worse - 9.8%
Same - 34.4%
When asked about expectations for their future economic circumstances, attorneys responded:
• Private Practice
Better - 31.7%
Worse - 23.8%
Same - 37.4%
• Non-Private Practice
Better - 29.8%
Worse - 20.1%
Same - 50.1%
For the 2020 survey, respondents provided income information for 2019, before the COVID-19 pandemic.
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