There’s a startling statistic in the new “Salary Survey & Market Landscape” about law firm litigation support staffing, from New York-based The Cowen Group, a headhunter and research consultancy that focuses on electronic data discovery staffing. The sixth annual survey, released Jan. 18, 2012, was conducted in 2011, with 22 firms participating. But for the first time, the report attempted to evaluate the ratio of salary to revenue, says managing partner David Cowen. The results are intriguing.
The most dramatic finding: Revenue from litigation support services, estimated at $275 million for 2011, is expected to spike this year to $535 million — a spike of 105 percent. During 2011, law firms employed about 2,600 litigation support and EDD professionals, spending $200 million on salaries, and generating $275 million in hourly revenue, the survey reports. Cowen predicts that 57 percent of firms will add staff this year, to the tune of 375 positions — a market growth rate of 13.7 percent.
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