Home -> Law Blog Directory -> International Law Blogs -> jurabilis - German bLAWg from Berlin.

International Law

: jurabilis - German bLAWg from Berlin.

Blick in die Zukunft der Rechtsberatungsindustrie

This legal recession should result in several great leaps forward: lockstep compensation will die (at last), replaced by more dynamic models that account for productivity and contributions to the firm's long-term institutional identity. The donkey and carrot race for partnership will fade as lawyers take on flexible levels of responsibility and ownership.

Law school hiring will change. On-campus hiring will move to end of the second law school year, and look a lot more like business school recruiting. Students may opt for two-year law programs, or schools that offer stronger internship and practical training opportunities beyond academic legal training.

These long-term changes will evolve in fits and starts over the next few years. Compensation is already changing, partners are being de-equitized, and the very definition of what it means to be a partner is in flux. I am waiting for "the reverse Gunderson" -- that moment a big firm officially brings starting salaries down to $145,000. Being the first will take courage, but will forge a better compensation landscape.

Streitbare Thesen (insb. die letzte), die wir gerne hier zur Debatte stellen.

Full post as published by jurabilis - German bLAWg from Berlin. on April 10, 2009 (boomark / email).