PI Marketing Budget

Everyone Tells PI Firms to Spend 5% of Revenue on Marketing.
That Number Is Worse Than Useless.

The percentage-of-revenue framework answers the wrong question. Here is the calculation that actually determines what your PI firm should spend.

Frequently asked questions

Questions about PI law firm marketing budget percentages

Industry data shows PI firms average 10 percent of revenue on marketing, with aggressive growth firms in competitive markets spending 15 to 20 percent. High-growth law firms collectively spend 16.5 percent compared to 5 percent for no-growth firms. The more useful question is what your cost per signed case should be as a percentage of your average attorney fee. A target of 5 to 10 percent of average fee per signed case is the correct benchmark. Work from that number backward to your budget rather than forward from your revenue.

No. The 5 percent rule was borrowed from consumer brand marketing and does not apply to PI law, where revenue is lumpy, case values vary widely, and the marketing need for a given quarter is determined by case volume targets rather than by what you earned before. A PI firm that closed two high-value trucking cases last year has very different marketing needs from a firm that closed 30 mid-value auto accident cases, even if both had similar gross revenue. Budget from what you need to achieve, not from what you already earned.

Take your average attorney fee on signed PI cases from marketing. Multiply by 0.07 to get a target cost per signed case at 7 percent. Then multiply your target cost per signed case by the number of cases you want to sign from marketing each month. That is your budget. Example: $60,000 average fee multiplied by 0.07 equals $4,200 target cost per signed case. Ten cases per month multiplied by $4,200 equals a $42,000 monthly marketing budget. This number has a direct logical connection to your case volume target. The percentage of last year’s revenue does not.

A new PI firm should almost always spend more than the industry percentage average as a proportion of current revenue, because its current revenue does not reflect the case volume it is trying to build. Budget from the target revenue the firm needs to sustain itself and grow, not from its first-year or second-year billings. An established firm trying to hold its current volume steady can spend less as a percentage because it has existing channels and referral relationships supplementing paid marketing. The phase of the firm’s development determines the right budget logic, not a universal percentage rule.

Get your real number

Find Out What Your PI Firm’s Marketing Budget Should Actually Be

A free 15-minute session where we calculate your current cost per signed case, show you what it should be, and build the budget number that connects directly to your case volume target.

No obligation. No pitch unless the numbers make sense for your firm.