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Tag Archives: associates

Another One Bites the Dust

Friday, October 2, 2009

A friend’s daughter just announced that she is voluntarily leaving her position as a Big Law fourth-year associate to join a smaller litigation firm.  I won’t name the firm she is leaving but it always appears on lists of the country’s top ten corporate law practices.  She has an impeccable academic pedigree and coming out [...]

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Be Real

Monday, September 28, 2009

Recently a blog reader suggested, after reading Considering Law School?, that I am down on law school.  I’ve thought about her observation quite a bit.  I don’t think my thoughts about becoming a lawyer have changed much in the past decade.  Are recent posts about law as a career choice more critical than my posts [...]

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Considering Law School?

Friday, September 11, 2009

Lock the Law School Doors argues in favor of reining in law school admissions:
As firms begin an industrywide overhaul, which has entailed slashing jobs and reconsidering hidebound inefficiencies like the lockstep salary, students will compete for half as many $160,000-a-year jobs this year as they did last. According to the National Association for Legal Career [...]

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No Bell

Wednesday, July 1, 2009

The recession has whacked salaries of associates of big law firms, but has not reduced the disparity in starting associate salaries according to Study Shows Sharp Disparities in Law Associate Compensation.  The study is based on 2008 starting salaries.  Since 2000 starting associate salaries abandoned a bell-curve distribution for a distribution with two peaks.  The [...]

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State of the Profession

Wednesday, May 20, 2009

Everyone knows that the legal job market is brutal.  Firms have laid off thousands of associates and staff, cut back on new hires and summer associate programs, diverted incoming associates to public-service positions, and deferred new-hire start dates.  New York-based Stroock & Stroock & Lavan has added a wrinkle to the “how-can-I-miss-you-if-you-never-go-away” minuet:  it is [...]

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Grim Career News: One-Stop Shopping

Friday, March 20, 2009

I have keen interest in the job market for recent law graduates.  My oldest son is looking for a position after his current judicial clerkship ends next fall and a 3L friend is gingerly holding a permanent Big Law job offer, fearing it may disappear with one brief email.  As a service to law students, [...]

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The Sun Always Shines II . . .

Tuesday, November 20, 2007

. . . except when it doesn’t. A friend sent me an article from Bloomberg titled Credit Market Collapse Claims Victims as Lawyers Exit, reporting on dismissals from law firms that service structured finance, private equity, and mergers and acquisition transactions. So far the numbers of dismissals is small but expected to increase. [...]

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