Start HiringCreate accountTalk to us

Home / Attorney Resources / Economics of Law Firm Guide

Free guide

The Economics of a Law Firm

Being a successful lawyer and running a successful law practice are two different things. The first speaks to your talent, training, and experience; the second requires an entirely different set of business skills.

This guide walks through the numbers that decide whether a practice thrives: rates, realization, payroll, overhead, and the leverage that freelance talent adds to all of them.

The overall median first-year base salary reached $200,000 as of January 1, 2023, up $35,000 (+21.2%) from 2021 (NALP).

Get the Economics of a Law Firm

Tell us where to send it. No cost, and we will not pass your details on.

Keep exploring

More attorney resources

Guides, worksheets, sample projects, and webinars, all free.