America is often called the “Land of Opportunity.” To many, that means cashing in on one’s education, ideas and talent as soon as possible. The corollary is that we frequently assume that folks who aren’t rich are only so positioned because they failed at all their attempts to become rich. After all, actually turning down a guaranteed payday out of altruism (or at least perceived altruism) is a rare enough occurrence that it’s often deemed eminently newsworthy. See, e.g., Tim Tebow, Michael Bloomberg, and my personal favorite, Pat Tillman.

Here at Above the Law, life is frequently viewed through a similar lens. Discussions of small firms start with the presumption that non-Biglaw types are so situated because they didn’t have the chops to make it in Biglaw. See, e.g., almost every comment to any post I’ve written for this site. We assume that “going small” — especially right out of school — is the last resort of a destitute, loan-burdened graduate who B-minus-ed his or her way through three years of law school. Students “end up” in a solo practice; they don’t strive for it.

Thus, when a law student wrote to tell me that she and two of her friends are spurning Biglaw in favor of starting their own firm, I thought, “Now, there’s a story worth telling.” They’ve graciously agreed to let me tell their story here….

Continue reading “Spurning Biglaw: Graduates Choose Starting a Small Firm Over Getting a Big Paycheck”