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A survey of Managing Partners in Texas-based law firms and Texas offices of out-of-state firms. Areas surveyed include expectations for the coming year, and law firm management issues such as compensation, cost reductions and staffing challenges.
Survey participants are managing partners/shareholders/directors, presidents, chairpersons and CEOs of Texas-based firms and partners/shareholders-in-charge of the Texas offices of out-of-state firms. Forty-two firm leaders participated in the survey conducted during October and November. Of the 42 survey respondents, 30 percent are from firms with more than 125 attorneys, 51 percent are from firms with 26 to 125 attorneys, and 19 percent are from firms with 25 or fewer attorneys.
The firms are headquartered in Dallas (40 percent); Houston (31 percent); Austin (6 percent); Fort Worth (3 percent); San Antonio (3 percent); and other Texas cities (17 percent).