By Managing Partner Forum with Fred Esposito and Tom Obermaier
An MPF Webinar Originally Broadcast on November 18, 2020
Our MPF Webinar entitled “Budgeting Considerations for 2021” with Frederick J. Esposito, Jr., Chief Operating Officer of Rivkin Radler, LLP and Tom Obermaier, Chief Executive Officer of SurePoint Technologies.119 firm leaders participated during the live session, and here are a few of the things we learned:
- Twenty-six percent (26%) of firm leaders project in an increase in Revenue per Lawyer (RPL) for their firms in 2021 compared to 2020.
- Sixty percent (60%) of firm leaders report a substantial increase (10% or more) in their firms’ investments in technology in 2021.
- Thirty-seven percent (37%) report an increase in their firms’ marketing and business development budgets in 2021.
- Seventy-four percent (74%) are planning associate raises in 2021, with forty-three percent (43%) looking at increases of five percent or more. Raises are not as generous for non-lawyer support staff.
Click here to hear the Webinar.
Click here for Handout Materials.