NEW YORK LEGAL INDUSTRY STATS

New York lawyer incomes rank 7th in the U.S. with an average lawyer annual compensation of $132,294 in 2018, approximately 3.0 times the average income of all workers in New York.

New York has 52 federal court houses and 14 state and municipal courts.

New York GDP of $1.7 billion in 2018 ranks 3rd with a 8.2% share of total U.S. GDP.

Insurance companies in New York generated $59 billion of revenue in 2017, approximately 10.72% of total U.S. revenue.

Total payments for victims of medical malpractice in New York totalled $7025.4 million between 2008 and 2019, ranking it 1st in the nation for medical malpractice payments.

In 2018, 14,094 lawyers took the bar exam and with 8,624 passing the exam, a pass rate of 61.19%.

New York is 1 of 20 states that has no cap on non-economic damages