Will the Future Associate be a Contract Employee?

The future of the legal profession is full of uncertainty. Will the old habits return as they did after previous recessions, or will these changes be permanent? No one knows for sure, but there are some possibilities and trends to take notice of. Cost Cutting: First of all, corporations have become...

Unlikely Allies in Billable Hour Reform

In the wake of the current economic crisis, billable hour reform may be having its day. Sue Wang, a former associate at Latham & Watkins, was recently profiled in The Washington Post for starting a five-lawyer boutique firm that operates on a "timeshare" model. Once associated with pricey...

Two Tracks for Associates: Short-Term Strategy or Long-Term Solution

According to a redcent article in The New York Times, the average starting salary at the nation's largest law firms exploded to $160,000 a year plus bonuses from $80,000 during the decade from 1997 to 2007. The current economic situation is forcing firms to adjust these inflated salaries and align...