Question of the Week

Do you believe you are fairly compensated for your work?

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Shutterstock / Andrey Popov

This week, we noted a Martindale Legal Marketing Network survey of 6,900 solo and small-firm lawyers in which 68 percent reported they felt they were fairly compensated for their work.

The lawyers surveyed made an average of $198,000 per year; median earnings were $140,000.

This week, we’d like to ask you: Do you believe you are fairly compensated for your work? Do salary figures reported in the survey align with the market you practice in?

Answer in the comments.

Read the answers to last week’s question: What is the most you’ve ever billed or worked in a year?

Featured answer:

Posted by Bob F: “As a Cravath associate in the 1980s for nearly 10 years, my ‘low’ was 2,500 hours and my ‘high’ was 3,500. During one nine-month stretch on takeover litigation as the lead associate, I averaged 90 hours a week, and at the end of it worked for 56 hours straight without a break or any sleep, to meet a filing deadline (made by chartering a helicopter to get the papers to court on time). I wouldn’t trade those years for anything. It was the best work possible for a young lawyer, at the best law firm on earth.”

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