How Clients Pay Firms Depending on Firm Ranking | Rank 1 | Rank 2 | Rank 3 | Rank 4 | Rank 5 |
---|---|---|---|---|---|
Likelihood All Work Will be Done on Billable Hour | Lowest | Low | Moderate | High | Highest |
Likelihood Work Will Be Done on Flat Fee Basis | Highest | High | Moderate | Low | Lowest |
Likelihood Litigation Work Will be Done on Contingency Basis | Highest | High | Moderate | Lowest | Lowest |
Billable Hour Rate if Attorneys Charge by Hour | Lowest | Low | Moderate | High | Highest |
Likelihood Attorneys Will be Able to Scare and Intimidate Own Clients | Highest | High | Moderate | Low | Lowest |
Likelihood Firm Does Defense Work | Lowest | Low | Moderate | High | Highest |
Likelihood Firm Does Plaintiffs Work | Highest | High | Moderate | Low | Lowest |
Likelihood Firm Will Send Detailed Hourly Bill | Lowest | Low | Moderate | Highest | High |
How Law Firms Are Managed Depending on Firm Ranking | Rank 1 | Rank 2 | Rank 3 | Rank 4 | Rank 5 |
---|---|---|---|---|---|
Likelihood Firm Has an Executive Committee | Lowest | Low | Moderate | High | Highest |
Likelihood Firm Has Professional Management that Only Manages | Lowest | Low | Moderate | High | Highest |
Likelihood Firm Has Formal Attorney Promotion/Evaluation Systems | Lowest | Low | Moderate | High | Highest |
Likelihood Firm Decisions Will Be Irrational and Unpredictable | Highest | High | Moderate | Low | Lowest |
Likelihood Firm Will be Poorly Managed | Highest | High | Moderate | Low | Lowest |
Likelihood Firm Will be Owned by One or a Few Individuals | Highest | High | Moderate | Low | Lowest |
Likelihood Firm Go Out of Business in the Future | Highest | High | Moderate | Low | Lowest |
Likelihood Firm Money will Flow Primarily to a Few People | Highest | High | Moderate | Low | Lowest |
The Employment Security Depending on Firm Ranking | Rank 1 | Rank 2 | Rank 3 | Rank 4 | Rank 5 |
---|---|---|---|---|---|
Likelihood the Firm Will Let You Go if Business Slows Down | Highest | High | Moderate | Low | Lowest |
Likelihood Firm Has Significant Cash Reserves or Line of Credit | Lowest | Low | Moderate | High | Highest |
Likelihood Firm Will Experience Financial Issues in the Future | Highest | High | Moderate | Low | Lowest |
Likelihood Firm Will Delay Your Paycheck | Highest | High | Low | Lowest | Lowest |
Likelihood Firm Will Go Out of Business in the Future | Highest | High | Moderate | Low | Lowest |
Likelihood Firm Will Fire You if Someone Cheaper Comes Along | Highest | High | Low | Low | Lowest |
Likelihood Firm Will Push You Out if You Are Not Going to Be a Partner | Lowest | Low | Moderate-High | High | Highest |
Likelihood You Will Be Replaced by a Younger/Hungrier Version | Low | Low | High | High | Highest |
Difficulty Firm Will Have Replacing You | Lowest | Low | Low | High | High |
Likelihood Firm Will Merge/Change Name | High | High | Highest | Moderate | Lowest |
The Support and Resources Depending on Firm Ranking | Rank 1 | Rank 2 | Rank 3 | Rank 4 | Rank 5 |
---|---|---|---|---|---|
Likelihood You Will Have a Well-Trained Secretary | Lowest | Low | Moderate | High | Highest |
Likelihood Firm Will Have Dedicated Librarians, IT Staff and More | Lowest | Low | Moderate | High | Highest |
Likelihood Clients Will Pay for Dinner and Cars Home if You Work Late | Lowest | Low | Moderate | High | Highest |
Likelihood You Will Have a Client Development Budget | Lowest | Low | Moderate | Highest | High |
Likelihood Firm is Will Cut Resources/Benefits Instead of Add them | High | High | Moderate | Low | Lowest |
Likelihood Firm Will Give You Billable Hours Credit for Pro Bono | Lowest | Low | Moderate | Highest | High |
Likelihood Firm Offer Retreat and Other Activites | Lowest | Low | Moderate | Low | Lowest |
Likelihood Firm Will Reimburse for Cell Phone, Laptop, etc. | Lowest | Low | Moderate | High | Highest |
Likelihood Firm Clients Willing to Pay for Lexis, Westlaw, etc. | Lowest | Low | Moderate | Highest | Highest |
Learning And Advancement Opportunities Depending on Firm Ranking | Rank 1 | Rank 2 | Rank 3 | Rank 4 | Rank 5 |
---|---|---|---|---|---|
Opportunity to Learn a Business You Can Start Yourself | Highest | High | Moderate | Low | Lowest |
External Relationship Importance to Your Long-Term Success | Highest | High | High | Highest | Low |
Opportunities to Go In-House After Getting Experience at Firm | Lowest | Low | Moderate | High | Highest |
Likelihood Firm Has Formal Training Programs | Lowest | Low | Moderate | Highest | High |
Ability of Firm to Pay You Similar Salary without Business | Lowest | Low | Moderate-High | Highest | Highest |
Likelihood Firm Has Recognized National Experts in Your Field | Lowest | Low | Moderate | High | Highest |
The Respect, Advancement and Where Attorneys Go Based on Firm Ranking | Rank 1 | Rank 2 | Rank 3 | Rank 4 | Rank 5 |
---|---|---|---|---|---|
Respect for Attorneys in the Market | Lowest | Low | Moderate | High | Highest |
Likelihood Attorneys Will Work in Legal Department of Huge Company | Lowest | Low | Moderate | High | Highest |
Likelihood an Attorney Will Make Partner in Current Firm | Low | Moderate | High | Low | Lowest |
Likelihood an Attorney Will Stay at Firm Entire Career | Lowest | Moderate | Highest | Low | Lowest |
Likelihood an Attorney May One Day Take Over the Firm | Highest | High | Moderate | Lowest | Lowest |
Likelihood Attorneys Will Leave for More Money | Highest | High | Moderate | Low | Lowest |
Likelihood Attorney Will Go to a Better Firm Later | Highest | High | High | Low | Lowest |
The Happiness and Work/Life Balance of Attorneys Based on Firm Ranking | Rank 1 | Rank 2 | Rank 3 | Rank 4 | Rank 5 |
---|---|---|---|---|---|
Likelihood Attorneys Will Get Divorced Due to Work | Lowest | Low | Low | High | Highest |
Likelihood Attorneys Will Experience Substance Abuse Problems from Work | Low | Low | Moderate | Highest | High |
Likelihood Attorneys Will Get Sick Due to Work Stress | Low | Low | Low-Moderate | Highest | High |
Likelihood Attorneys Will Seek Psychological Help Due to Work Stress | Low | Low | Moderate | Highest | High |
Likelihood an Attorney Will Get Disbarred for Bad Behavior | Highest | High | Moderate | Low | Lowest |
Likelihood an Attorney Will Die Before 50 Due to Work | Low | Low | Low | Highest | Highest |
Likelihood an Attorney Will Quit Law Because of Disillusionment | Low | Low | Lowest | Highest | Highest |
Likelihood an Attorney Will Exercise Several Times a Week | Moderate | Moderate | Moderate | Low | Low |
Likelihood an Attorney Will Take Vacations and Use Vacation | High | High | Moderate | Moderate | Low-Lowest |
The Chance of the Attorney’s Own Ego Hurting Attorneys Based on Firm Ranking | Rank 1 | Rank 2 | Rank 3 | Rank 4 | Rank 5 |
---|---|---|---|---|---|
Likelihood an Attorney is Jealous of Attorneys at Better Firms | Lowest | Low | Moderate | Highest | Lowest |
Likelihood an Attorney Would Rather Quit Practice of Law Than Work at a Less Prestigious Firm | Lowest | Low | Low | Highest | High |
Likelihood an Attorney is Concerned With Their Peers’ Qualifications | Low | Low | Low-Moderate | High | High |
Likelihood an Attorney is More Concerned with What Others think of them than whether they Enjoy their Job | Low | Low | Low-Moderate | High | High |
The Size and Probable Locations of Firms Based on Firm Ranking | Rank 1 | Rank 2 | Rank 3 | Rank 4 | Rank 5 |
---|---|---|---|---|---|
Likelihood Firm Will Have Only One Offices | Highest | High | Low | Lowest | Low |
Likelihood Firm Will Only Have Offices in a Given City | Highest | High | Moderate | Lowest | Moderate |
Likelihood Firm Will be Confined to a State | Highest | High | Moderate | Lowest | Moderate |
Likelihood Firm Will in a Region Only (North, South, Midwest, etc.) | Highest | High | Moderate | Low | Moderate |
Likelihood Firm Will Have Offices Around the United States | Lowest | Low | Moderate | Highest | High |
Likelihood Firm Will Have International Offices | Lowest | Low | Low | Highest | High |
Likelihood Firm Will be Less than 10 People | Highest | Moderate | Lowest | Lowest | Lowest |
Likelihood Firm Will Have More than 25 Attorneys | Lowest | Low | High | Highest | Highest |
Likelihood Firm Will Have More than 50 Attorneys | Lowest | Low | High | Highest | Highest |
Likelihood Firm Will Have More than 250 Attorneys | Lowest | Low | High | Highest | High |
Where You Are Most Likely to Work Based on Firm Ranking | Rank 1 | Rank 2 | Rank 3 | Rank 4 | Rank 5 |
---|---|---|---|---|---|
Likelihood You Will Be Working in a Class-A Skyscraper | Lowest | Lowest | Moderate | High | Highest |
Number of Firms and Opportunities in the Market | Highest | Highest | High | High | Highest |
Where the Firm is Likely to Be Located | Anywhere | Anywhere | Populated Areas Near or in Moderate to Large Cities | Top 25 Largest Cities | Largest Cities |