An overwhelming majority of attorneys have no ambition of starting their own practice, a new survey shows. Ninety-three percent of lawyers polled said they would not establish a law firm even if they had the necessary capital. This is a steady increase from similar surveys conducted in 2002 and 1997, when 84 percent and 78 percent of lawyers, respectively, reported no interest in flying solo.
The survey was developed by Robert Half Legal, a staffing service specializing in attorneys, paralegals and other highly skilled legal professionals. It was conducted by an independent research firm and includes responses from 200 attorneys among the 1,000 largest law firms and corporations in the United States and Canada. All respondents have at least three years of experience in the legal field.
"While it may be exciting for many attorneys, the allure of starting their own law firm was overshadowed by the many administrative aspects entailed . . ." said Robert Volkert, executive director of Robert Half Legal.