Free press releases distribution network?

Agency / Source: ALM Media Properties, LLC

Check Ads Availability|e-mail Article
This article was published free of charge. Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!



ALM Intelligence Partners with Calibrate Legal Study - Law Firm Revenue Enabler Compensation Report and Data Slicer Provide Insight for the Legal Industry
ALM Intelligence Partners with Calibrate Legal Study

 

PRTODAY - Newswire & PRZOOM/ - New York, NY, United States, 11/12/2018 - Law Firm Revenue Enabler Compensation Report and Data Slicer Provide Insight for the Legal Industry.

   
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Financial/Legal/Venture Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

ALM Legal Intelligence has released The Law Firm Revenue Enabler Compensation Report and Data Slicer. The report provides intelligence on trends in law firm marketing and business development departments while the Excel-based Data Slicer enables firms and users to benchmark compensation for a wide range of job titles, functions, and geographies for marketing and business development roles.

This year’s report and tool are drawn from a survey of more than 880 marketing and business development professionals from across North America conducted by ALM Legal Intelligence and Calibrate Legal, Inc. during June and July 2018.

“The last decade has brought substantial changes to the business of law and firms alike,” said Patrick Fuller, Vice President, ALM Legal Intelligence. “More than ever, firms are trying to reduce operational costs to accomplish more with less, resulting in increased pressure on revenue enablers to both sustain existing revenue and facilitate new revenue growth.”

Highlights from the report include:

Budgets are increasing: 49% of firms said their marketing and business development budgets (which average 2.1% of total firm revenue) are increasing.
Diversity: women hold 71% of C-level marketing and business development positions and 72% of director positions.
C-level Compensation: chief marketing and business development professionals earn $400,000 dollars on average.
Director and Manager Compensation: directors in marketing and business development departments earn an average of $276,000 in New York City.
Job Satisfaction: 67% of coordinators, analysts, and specialists report they are content within their current role, although many are concerned about the lack of opportunities for advancement.

“The responses to this survey solidified the notion that marketing and business development professionals are key components in law firms who are working steadfastly to gain market share and remain relevant and successful,” said Jennifer Scalzi, CEO, Calibrate Legal Inc. “The firms who have not invested in a solid infrastructure, both in terms of human capital and the associated systems and tools, are going to be at risk for ongoing viability.”

Some key findings of the report indicate that most “1st Chair” marketing and business development leaders report directly to their firm’s managing partner, that career progression is not clearly defined within most firms, and that total compensation varies widely between firms. The study also found that marketing and business development departments are hiring most quickly in middle management and business development roles.

“There are many factors contributing to law firm’s increasing emphasis on marketing and business development,” said Nicholas Bruch, Principal Analyst, ALM Legal Intelligence. “Firms are facing very difficult market conditions. Demand growth is slow, competition levels are high, and corporate clients have made it clear they want their legal service providers to think differently. All of these forces have made the business of winning new work and keeping existing clients more important than ever. The data from this year’s study reveals that firms are rethinking their approach to business development. It also shows that they are willing to pay significant salaries to individuals who they believe can help their firm grow.”

For more information or to obtain the full version of the report visit at.alm.com/compensationstudy2018

About ALM Intelligence

ALM Intelligence, a division of ALM Media LLC, supports legal, consulting, and benefits decision-makers seeking guidance on critical business challenges. Our proprietary market reports and analysis, rating guides, prospecting tools, surveys, and rankings, inform and empower business leaders to meet business challenges with confidence. Please visit alm.com/intelligence for more information.

About ALM

ALM (alm.com), an information and intelligence company, provides customers with critical news, data, analysis, marketing solutions and events to successfully manage the business of business. ALM serves a community of over 6 million business professionals seeking to discover, connect and compete in highly complex industries.

 
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Financial/Legal/Venture Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Agency / Source: ALM Media Properties, LLC

 
 

Availability: All Regions (Including Int'l)

 

Traffic Booster: [/] Quick PRTODAY - Newswire Distribution Service Visibility Checker

 

Distribution / Indexing: [+] [Content made possible by PRZOOM / PRTODAY indexing services]

 
 
# # #
 
 
  Your Banner Ad showing on ALL
Financial/Legal/Venture articles,
CATCH Visitors via Your Competitors Announcements!


ALM Intelligence Partners with Calibrate Legal Study

Non-featured company website links are shown on a random basis
It is OK to republish and/or LINK any newswire for any legitimate media purpose as long as you name PRTODAY - Newswire Distribution Service and LINK as the source.
 
  For more information, please visit:
Links are available on a random basis for non premium members
Calibrate Legal Study | ALM Media Properties, LLC
Contact: Press Office - ALM.com 
877-256-2472 prelations[.]alm.com
 
Newswire Today - PRZOOM disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.

Financial/Legal/Venture via RSS
AddThis press release: ALM Intelligence Partners with Calibrate Legal StudyAdd Financial/Legal/Venture News to My MSNAdd Financial/Legal/Venture News to My Yahoo!Add NewswireToday Financial/Legal/Venture Press Release Headline News to Your Google homepage or Google ReaderAdd NewswireToday - PRZOOM Headline News to FeedBurner

This article was published free of charge. Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!




Read More Articles From ALM Media Properties, LLC / Company Profile



Read Financial/Legal/Venture Most Recent Related Press Releases:

TIAA Bank Acquires $1.5 Billion Healthcare Equipment Financing Portfolio from GE Capital
Infinera to Participate in Needham Investor Conference
BAE Systems and Mphasis Partner to Provide Leading Fraud and Money Laundering Detection Capabilities to Financial Services Industry
Societe Generale Securities Services and the Fintech Addventa have Signed an Exclusive Partnership
ALM Adds Legal Week to Law.com
The American Lawyer Announces the Global 200
Moving Deals Secure Group Holding Company from the USA to Kuwait
TRA Introduces Matt Solomon, New Regional Sales Consultant
ALM Intelligence Identifies Best Joint Ventures & Alliances Consultants
Thales and Gemalto Announce Regulatory Clearance from The Minister of Innovation in Canada

Reserve This Permanent SPACE

Your LOGO permanently HERE on PRTODAY - Newswire Distribution Service most visited Page start at $295 per month

 
Sponsored Links


Visit  La Bella Bakery Artisan Bakery Arizona

Visit  RightITnow, Inc.

Visit  Limelon Advertising, Co.





Find business coaching, life coaching, executive coaching and corporate coaching, best selling coaching books, ...



 
  ©2014 PRTODAY — Limelon Advertising, Co.
Home | About PRTODAY | Advertise | Contact | Investors | Sitemap | FRANCAIS
newswire, PR free press releases distribution magazines engine news alert newsroom press room breaking news public relations articles company news alerts blogsIt younews.me newswiredistribution ezine younews.asia bizentrepreneur biznewstoday digital business report news market search pr firms pr agencies business reports newswire today distri- bution investor relation successful internet entrepreneur free newswire distribution prtoday freenewswiredistribution.com asianewstoday bizwiretoday newswire pr today
 
PRTODAY & NewswireTODAY are NOT affiliated with USA TODAY (usatoday.com)