Connecticut Managing Partner Survey Question Title * 1. Your firm has (choose one) full-time attorneys firmwide: 1-10 11-25 26-50 51-100 101-200 201-400 More than 400 Question Title * 2. Where is your firm headquartered in the state? (If applicable, please also include the location of the your firmwide headquarters). Question Title * 3. Your firm is best described as (choose one): Full-service Specialized Boutique Question Title * 4. Between July 1, 2022, and July 1, 2023,, with respect to attorneys, my firm (choose one): Grew Significantly (more than 10%) Shrunk Significantly (more than 10%) Stayed the same size (only replaced those who left) Grew Slightly (less than 10%) Shrunk Slightly (less than 10%) Question Title * 5. Between July 1, 2023, and July 1, 2024, with respect to attorneys, my firm intends to (choose one): Grow Significantly (more than 10%) Shrink Significantly (more than 10%) Stay the same size (only replacing those who leave) Grow Slightly (less than 10%) Shrink Slightly (less than 10%) Question Title * 6. Between July 1, 2022, and July 1, 2023, has your firm laid off any attorneys or staff? Attorneys and staff Staff only Attorneys only Neither Question Title * 7. If you answered yes to the previous question, what percentage of total employees were laid off: 0-5% 6-10% 11-15% 16-20% More than 20% Other (please specify) Question Title * 8. Is your firm planning layoffs for the next year, and if so, what employees will be affected? Non-Equity Partners Equity Partners Associates Of Counsel Staff or Contract Attorneys No Layoffs Planned Question Title * 9. Regarding first-year associates, did your firm hire for the fall of 2023: More first-year associates than last year Fewer first-year associates than last year The same number of first-year associates as last year No first-year associates Question Title * 10. How has your firm utilized contract, temp or non-partner-track attorneys? Increasing use Decreasing use My firm doesn't use such attorneys My firm used such attorneys in the past but no longer does Question Title * 11. Has your firm merged with another firm or firms in the past two years? Yes No Question Title * 12. Concerning mergers with other law firms, is your firm: (choose one) Actively seeking merger partners Open to merger opportunities Not interested Question Title * 13. If you are actively seeking a merger, potential merger candidates are located (check all that apply): In this state In other cities in this region Beyond this region Outside the U.S. Question Title * 14. Between July 1, 2022, and July 1, 2023, has your firm opened one or more new offices? Yes No Question Title * 15. If yes, where? Question Title * 16. Does your firm intend to open one or more new offices between July 1, 2023, and July 1, 2024? Yes No Question Title * 17. If yes, where? Question Title * 18. Have you, or are you planning to take any of the following actions regarding your office space? Close an office entirely Reduce office square footage Neither Question Title * 19. What are the areas of law in which you see the most significant growth? (Check all that apply) Alternative Dispute Resolution Antitrust Banking, Finance and Securities Bankruptcy and Creditors’/Debtors’ Rights Civil Rights and Constitutional Law Class Actions and Consumer Law Commercial Litigation Corporate Law and M&A Environmental Law Government, Administrative Law and Public Records Insurance Intellectual Property Labor and Employment Personal Injury Private Equity, Venture Capital and Startup Products Liability and Mass Torts Real Estate, Land Use and Planning Regulatory Tax White Collar and Investigations Other (please specify) Question Title * 20. What are the areas of law in which you see the most significant decrease in growth? (Check all that apply) Alternative Dispute Resolution Antitrust Banking, Finance and Securities Bankruptcy and Creditors’/Debtors’ Rights Civil Rights and Constitutional Law Class Actions and Consumer Law Commercial Litigation Corporate Law and M&A Environmental Law Government, Administrative Law and Public Records Insurance Intellectual Property Labor and Employment Personal Injury Private Equity, Venture Capital and Startup Products Liability and Mass Torts Real Estate, Land Use and Planning Regulatory Tax White Collar and Investigations Other (please specify) Question Title * 21. What nonlawyer business leadership roles (such as chief operating officer, chief business development officer, executive director, client relations director, legal project management director) does your firm have? Please name all that apply and specify annual salary. Question Title * 22. Over the past year, how has your firm’s marketing budget changed? Increased significantly Increased somewhat Stayed the same Decreased somewhat Decreased significantly Question Title * 23. Over the past year, how has your firm’s technology budget changed? Increased significantly Increased somewhat Stayed the same Decreased somewhat Decreased significantly Question Title * 24. Comparing your firm's two most recent fiscal years, did REVENUE: Increase Decrease Stay the same Question Title * 25. Comparing your firm's two most recent fiscal years, did REVENUE PER LAWYER: Increase Decrease Stay the Same Question Title * 26. Comparing your firm's two most recent fiscal years, did COSTS: Increase Decrease Stay the same Question Title * 27. Comparing your firm's two most recent fiscal years, did NET PROFITS: Increase Decrease Stay the same Question Title * 28. Comparing your firm's two most recent fiscal years, did PROFITS PER PARTNER: Increase Decrease Stay the same Question Title * 29. Please rank the following elements in order of importance to your firm's formula for determining partner compensation. (Most important = 1; Least important = 6) Question Title * 30. Is your firm planning to change compensation models for: Partners Non-partners Both Neither Question Title * 31. With respect to first-year associate salaries this year, did your firm: Increase salaries Decrease salaries Keep them the same Question Title * 32. Is your firm able to charge clients for first- and second-year associates? Always Sometimes Never Question Title * 33. Between July 1, 2022, and July 1, 2023, what actions did your firm take to retain profitability levels? Please check all that apply. Reduce number of equity partners Lay off non-equity partners Lay off associates Lay off support staff Reduce lateral hiring Reduce entry-level hiring Reduce marketing costs Rescind/Defer offers to incoming first-year associates Switch practice focus to higher-demand areas Reduce partner compensation Reduce associate compensation Raise billing rates Question Title * 34. Does your firm have a mandatory retirement policy or mandatory deequitization age? Yes No Question Title * 35. What are the key elements of your firm’s succession plan? (check all that apply) Mandatory retirement Partner deequitization Leadership training Business development training My firm doesn’t have a defined succession plan in place Other (please specify) Question Title * 36. How does your firm solicit client feedback? (Please check all that apply) Formal client satisfaction surveys (written) Formal client satisfaction surveys (oral) Informally, through engagement with relationship partner(s) My firm doesn’t actively solicit client feedback Other (please specify) Question Title * 37. Concerning bills for legal services, during the past year, your firm's clients have (choose one): Paid without much hassle Sometimes asked for reductions Frequently or always demanded reductions Question Title * 38. Concerning alternative billing, you have found your firm's clients (choose one): Are eager to hear creative strategies Come to us with creative strategies Still prefer hourly billing Other (please specify) Question Title * 39. Does your firm have a formal diversity initiative? Yes No Question Title * 40. In the past year, have you received requests for proposals that include inquiries about the number of minority and female attorneys working at your firm? Yes No Question Title * 41. Has your firm lost or gained any clients due to diversity-related considerations? Lost Gained Neither Both Question Title * 42. Has your firm lost or gained any clients due to convergence (the reconciliation of work in a smaller number of outside firms)? Lost Gained No change Question Title * 43. How many days per week do you allow your attorneys and staff to work remotely? 0 Days 1-2 3-4 5+ Other (please specify) Question Title * 44. Has your firm had a data security breach in the past year that you are aware of? Yes No Question Title * 45. Please rank these common marketing tools for a law firm in terms of their effectiveness. (Most effective = 1; Least effective = 14) Done