The most widely read magazine for Canadian lawyers
Issue link: https://digital.canadianlawyermag.com/i/1076418
w w w . c a n a d i a n l a w y e r m a g . c o m F E B R U A R Y 2 0 1 9 23 and nine lawyers, 24 per cent had 10 to 49 lawyers, seven per cent had 50 to 99, five per cent had 100 to 249, one per cent had 250 to 499 and four per cent had more than 500. Seventeen per cent were sole practitioners or lone lawyers in their department. The majority, 57 per cent, worked at firms with one office, 26 per cent from two to four offices, 12 per cent from five to 10 offices and four per cent worked at firms with more than 10 offices. Geographically, 60 per cent of respondents had a presence in Ontario, both Alberta and B.C. were represented by 20 per cent each, 14 per cent were from Quebec, seven per cent from Manitoba, four per cent were from New Brunswick and the rest were scattered across the Prairies, the Maritimes, the U.S. and internationally. 32 % 36 % 23 % 9 % 18 % 19 % 20 % 22 % 15 % 7 % 8 % 5 % 3 % 3 % 3 % 0 % 0 % 3 % 3 % 0 % Equal partnership 5 % Lock-step 0 % Modified Hale and Dorr 9 % Simple unit 5 % Merit 23 % 50/50 subjective-objective 9 % Eat-what-you-kill 36 % Other 14 % 0 69 % 1 to 4 16 % 5 to 10 11 % 11 to 20 4 % More than 20 0 % WHAT COMPENSATION METHOD DOES YOUR FIRM USE FOR EQUITY PARTNERS? HOW MANY STAFF LAWYERS ARE THERE IN YOUR FIRM? (Sample size 22) (Sample size 45) (Sample size 22) 1 1 2 2 3 3 5 5 6 7 8 4 4 1 3 4 5 6 7 8 Salary Percentage/Share of profits Billable hour/Revenue targets Other (please specify): NON-EQUITY PARTNER COMPENSATION METHOD HOW MANY OF COUNSEL LAWYERS ARE THERE IN YOUR FIRM? 68 % 32 % (Sample size 79) DOES YOUR FIRM HAVE A TWO-TIER PARTNERSHIP STRUCTURE? Yes No 1 2 3 4 0 1 to 4 5 to 10 11 to 20 More than 20 70 % Less than $500,000 $500,000 - $1 M $1 M - $5 M $5 M - $10 M $10 M- $25 M $25 M - $50 M $50 M - $100 M $100 M - $200 M $200 M - $500 M More than $500 M Don't know Refuse to answer (Sample size 44) LAW FIRM'S 2018 ANNUAL GROSS REVENUE (BEFORE TAXES AND PARTNER DISTRIBUTION) (Sample size 93) C O M P E N S A T I O N S U R V E Y