EDITORIAL: Who earns how much, and why?

The law firm market is all about money – and who earns how much. For the first time we have calculated this for the entire German law firm market – for every size of law firm. In doing so, we also took into account the historical development of the data… and see that only a few types of law firms are sustainably successful. We will soon publish this in our new book: Der Kanzleimarkt in Deutschland (The Law Firm Market in Germany), published by C. H. Beck Verlag. The data will then also be made available in a benchmark app.

The data shows the following:

    1. The myth of the “individual lawyer” as the most representative type, for example: compared to the type of the salaried lawyer, is refuted; only about 10% of all lawyers are classic individual lawyers in a full-time individual law firm (about 15,000). In contrast, more than 20,000 of all lawyers are employed lawyers, mainly in one of the 150 large or about 1800 medium-sized law firms.
    2. The lawyers increasingly understand how to run their law firm economically. It is noticeable that the profits per associate are increasingly profitable even in smaller law firms.
    3. The law firm market is increasingly characterized by the growth of existing law firms, less by the entry of new competitors.


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