Economics of Law Practice in New Mexico

This study was commissioned by the State Bar of New Mexico. The objective of this study was to determine income levels among lawyers who are licensed to practice law in New Mexico. The study also assessed the fees charged for various legal services, the number of hours spent performing various services, changes in income, and billing practices. The survey was designed to capture economic information based on several variables including: the number of years practicing law, areas of practice, classification/legal occupation, firm size, region, gender, ethnicity and age.

This self-administered study was conducted by mail. Surveys were sent to each of the approximately 5,900 lawyers who are currently licensed to practice law in New Mexico. The surveys included a cover letter from the State Bar of New Mexico explaining the purpose of the study. Respondents were asked to return the completed surveys directly to Research & Polling, Inc. in a business reply envelope. A total of 1,256 completed surveys were returned which represents a response rate of 21%.

The survey is available to attorney members of the State Bar of New Mexico. Additional copies may be purchased for $25 plus tax by contacting MVandeventer@nmbar.org or (505) 797-6035.

Economics of Law
Practice in NM Lawyer Compensation Survey Results