January 29, 2005
One-Stop Data Dump
One-stop data shopping about the size and composition of the legal services industry? It's here on one handy page put together by "Envision Agency," a new name to me, which describes itself as a "full service marketing agency specializing in the legal vertical."
Hot dots from the data:
- In the US, there are about 900 firms with at least 50 lawyers;
- Total revenue of the industry is $118-billion;
- There are approximately 250,000 (they say 249,969, an exercise in dubious precision) firms;
- Employing 1,464,737 people (see above).
Other information is not data, but opinion. For example:
- Mergers and consolidations are here to stay, or, as one might put it, to accelerate;
- The increasing professionalization of management on the business side is likewise;
- As is global expansion.
Great insights? No. Handy "bookmarkable" reference? Sure.
Posted by Bruce at January 29, 2005 11:07 AM | TrackBackPosted to Finance | Globalization | Just Plain Interesting | M&A | Marketing | Strategy Printer-friendly version
Post a comment
Thanks for signing in, . Now you can comment. (sign out)
(If you haven't left a comment here before, you may need to be approved by the site owner before your comment will appear. Until then, it won't appear on the entry. Thanks for waiting.)
"Adam Smith, Esq. is, and will remain, the definitive
voice on law firm strategy."
—David
Jabbari, Global Head of Know-How, Allen & Overy
"I just don't know what the profession would do without you."
—Chairman, AmLaw 25 firm
“Constantly stunning.’—Managing Partner
"I read three things: The Wall Street Journal, The Economist,
and Adam Smith, Esq.—and I tell my partners to do the same."
—Managing Partner, AmLaw 50 firm
“You have a fascinating niche which you cover ever so much better than
does the conventional legal press.”
—Walter Olson of Overlawyered
“Required reading: Amazing.”—Venture Capitalist
"You're the brand name in law firm economics. There is no one out
there—repeat, no one—who covers this business better, or thinks about
it more creatively, than you. I tell people this guy is really, really good."
—Chair/Managing Partner, AmLaw 50 firm
Business Pundit
CorporateCounsel.Net Blog
Conglomerate
BusFilm by Larry Ribstein
Business Pundit
Carnival of the Capitalists
Chicago Boyz
Ensight
Marginal Revolution
Ronald Coase Institute
Stephen Bainbridge
"Adam Smith, Esq.,"® an inquiry into the economics of law firms, and the maroon banner, are a federally registered trademark belonging to Adam Smith, Esq., LLC, which is partially owned and controlled by Bruce MacEwen.
This weblog is licensed under a Creative Commons License.
