With nearly 1,500 attorneys on the profession’s most prestigious boards, it’s no surprise that the attorney profession has a reputation for being a demanding business.
As a result, the profession has an expensive legal system.
But a new study published in the journal Annals of the American Academy of Medicine suggests that the average estate lawyer costs less than other lawyers, and that’s because they have the best lawyers on the team.
A total of 2,091 estate attorneys across the U.S. were surveyed.
The study was conducted by the Annals’ Institute of Health and Medical Sciences.
Researchers asked the estate lawyers to rate their level of competence on a scale of 1 to 5, with 5 being the highest.
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It’s not about the most-experienced, but rather, the ones that are the most qualified,” says Dr. Paul S. Ewing, a medical ethicist at Yale University and one of the study’s authors.
Ewald was not involved in the study, but is a consultant to the institute.
“The average is so high because they’ve got the best of the best, and so the average attorney is going to do the best work, the least amount of effort to get the best results,” he says.
The average estate attorney in the United States spends about $1.2 million a year.
About two-thirds of the people surveyed had worked in a professional setting in the past five years, and about one-third had worked for a nonprofit.
About a quarter of those surveyed were self-employed.
The researchers also took into account a range of factors, including how much they spent on legal services, how long they’ve worked in the profession, how much their firm earned, and whether they’ve had a child in the last five years.
Most estate attorneys surveyed were white, male, and over 50.
About half were married with two children.
Ewings says the study is the first to examine the issue of the quality of the attorneys on a particular board, which could be important to those who want to raise more capital for a big legal firm.
“I think that if the quality is as high as we have, it could help drive down costs for the industry,” he adds.
“It may be worth having more diversity on the boards.
I’m not saying it’s a bad thing.
I think it’s good.”
The researchers didn’t ask about what types of attorneys the respondents might consider good candidates.
It could be that they’re experienced in some area of law, or they’re not as well qualified as other lawyers but are able to help them navigate the complex legal system, he says, because of their professional background.
The survey also asked about the attorneys’ experience with other issues, such as financial issues, legal liability, and family law.
Ebers found that about 80 percent of the lawyers surveyed have had at least one of those issues addressed.
“A good percentage of them have dealt with these issues, and it’s because of that experience,” he explains.
“When they are dealing with issues that are beyond their control, they’ve learned from their experience.
They’ve dealt with it through experience, and they’ve also gotten better at dealing with it.”
The survey was conducted in 2017, before Donald Trump became president.
Eysing said the study has some limitations.
It’s not designed to evaluate a lawyer’s competence, or the extent to which a particular lawyer has the skills to handle a specific legal problem.
Ehsing says the results also need to be interpreted carefully.
“They may be representative of the population, but there’s still an element of randomness involved,” he notes.
“If we look at the data and we compare it to the data from other sources, there’s a lot of variation.”
The Annals Institute of Science and Medicine’s research is funded by the National Institutes of Health.
Contact Katie M. Miller at [email protected]
Follow her on Twitter at @katiemiller.
The Associated Press contributed to this report.