Sunday, November 21, 2010
This is occurring, in large part, because clients are refusing to subsidize the training of new graduates. From the National Law Journal:
As the country's economic fortunes slowly improve, law firms on the road to recovery are showing an increased willingness to put resources into training programs for associates, according to a recent survey by ALM Legal Intelligence and Practical Law Company Inc.
Just over half of survey respondents -- a group that included law firm partners, professional development specialists, law librarians and administrative staff -- said that their firms had increased the amount of time devoted to training over the past 12 months.
. . . .
Thomas Clay, a consultant with Altman Weil Inc., says that he sees the industry moving toward a more training-friendly attitude. "The very blunt rationale is they've got to get these people to be more valuable quickly, because the marketplace just isn't seeing it these days," Clay says.
Part of what's driving that shift, Clay says, is the reluctance of budget-conscious clients to pay for work done by inexperienced lawyers. Firms are responding, Clay says, by trying to increase the 'perceived value' of their younger lawyers as soon as possible, 'because some clients are saying 'We don't want to use first- and second-years. They don't have much value to us."
You can read the rest here.