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Solo In Chicago

...empowering the Second City's entrepreneurial legal community

Saturday, March 03, 2007

What percentage of IL lawyers are solos?

Build a Solo Practice, LLC had an interesting post recently regarding some 83% of NY lawyers being solo:

Just to keep things in perspective with all those HUGE first year associates salaries out there, today there was a report in the Wall Street Journal on Line reporting of a new article in
Crain’s New York Business which has a seven-page feature called “The Business of Law Report. In this article we learn that 83.5% of all lawyers in New York State are solos..

The report profiles three sole practitioners. “With first-year associates now commanding salaries of $160,000 at some major law firms, it might seem that every lawyer would be vying to work at one of them,” it says. “But in actuality, the vast majority — 83.5% — of lawyers in New York state are solo practitioners.” The three lawyers profiled: Judith Bass, 54, a former in-house lawyer at media companies who now structures media deals on her own; Anthony Park, a 30-year-old T&E lawyer who hung up his own shingle four years ago and has established a niche advising other young professionals on their personal affairs; and Allen Kaye, the high-profile immigration lawyer.

I have always said that law schools should teach students how to navigate down the road most travelled instead of catering to the minority. Read "Law School Learning Leaves Solos in Cold"

I wonder what the number is for Illinois? I'd guess that it's a smidge higher just because we're probably a slightly less urban state than NY. Are their needs being addressed?

I think some of the bar associations do a decent job for solos. I still think the business side of the practice of law isn't covered very well by anyone. Law school helps potential solos through clinical programs I think. Frankly, in general, what's the value of law school?

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