Saturday, July 25, 2015

Working in and Leaving a Large Law Firm

Of my students who start out in a large law firm, few of them stay put. For the most part, they want a better work/life balance. In this long article, Harrison Barnes offers these facts: 

  • The majority of attorneys who join large law firms out of law school may never make as much money (adjusted for inflation) ever again.
  •  Most attorneys who join large law firms out of law school never work at firms as prestigious ever again. Attorneys generally move a few times (to large law firms) before finally stepping out of a large law firm into something smaller or different. 
  • Only half of the attorneys who join large law firms out of law school are likely to be practicing law in 10 years, while over 85% of the attorneys who join small law firms are likely to still be practicing in 10 years.
  •  The majority of attorneys who join large law firms out of law school will never work on matters for as large and important clients ever again.

 The article continues to give advice on how to succeed in a large firm. However, I doubt that after reading the advice, many young lawyers will decide to pursue that path.

You can read more here.

(ljs)

https://lawprofessors.typepad.com/legal_skills/2015/07/working-in-and-leaving-a-large-law-firm.html

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