Our Trusts & Estates colleague, Russ Alan Prince, has done quite a bit of research about trusts and estates lawyers. He reaches some startling conclusions, and not all are positive. The data paint a picture of an industry in transition, with rising competition from within and new competition without.
First is an analysis of the income of trusts and estates lawyers. Prince & Associates says their average income in 2001 was $284,000; the median was $192,000. That doesn't