Putting the cool back into law school
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For a while, it seemed that nothing was sacred any more in Biglaw. Lawyers and staff were laid off. Partners were asked to contribute more capital. Salaries were frozen. Lockstep compensation was challenged. And the billable hour itself came under attack.
But one piece of Biglaw seems more resilient to change than any other: junior associate [...]
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I work in a job that is many people’s dream job. I get to use both of my degrees on a regular basis. I work in an industry that many are killing themselves to get into. I work with an organization that keeps people young (at heart) and invigorated. And my job walks the narrow [...]
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If lockstep compensation isn’t on life support than it must be a death row inmate who’s been served its last meal and is waiting on a reprieve from the governor. And news today makes it sound like up-or-out promotion (not the same thing) might be next. Biglaw firm Orrick has announced that what once was [...]
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Last Friday, the New York Times posted a three-page story on major law firms. The tone of the story reads somewhere between a fluff piece about a very sick individual who might just pull through and a flat-out obituary. The story also put one firm as the face of the troubles for Big Law (rightly, [...]
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This week Above the Law and the Wall Street Journal Law Blog each ran a story about the changing legal industry, both stemming from the release of the new Am Law 200 rankings. The Am Law 200, for those of you who don’t know, is the list of the 200 highest grossing law firms in [...]
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Drinker Biddle is in the news quite a bit this week and last for unveiling a dramatically different structure with first years: less salary, less billable hours, and whole lot more training. But mostly I’m posting this because it features one my favorite professors from law school.
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It’s not too often that you see a business that’s looking forward to competing in a market where it cannot win. But that’s what [Womble Carlyle](http://www.wcsr.com/), a Southeastern firm of 530 lawyers decided to do. Yesterday, Womble [laid off twenty people](http://abovethelaw.com/2009/04/nationwide_layoff_watch_womble.php) (that includes both attorneys and staff), and cut associate salaries. That news is nothing [...]
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What happens when everything you did for a decade goes poof? Most people probably feel this during some sort of personal tragedy, like say a fire, where all their worldly possessions and memories vanish in a literal puff of smoke. They are normally left feeling lost and empty, but eventually come to a realization that [...]
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