
‘I see MONEY in my future!’
Try to keep everything in perspective. It’s great you are making a lot of money, but it might not last forever, or even for several years. We are one recession away from law firms drastically cutting head count. And law firms have had a history of increasing salaries at precisely the wrong time.
— Jeffrey Lowe, global leader of the legal recruiting and consulting firm Major, Lindsey & Africa’s law firm practice group, advising law school graduates who may be headed to Biglaw firms that are doling out $190K salaries to first-year associates to focus on their long-term goals, and not just their starting salaries. After all, as Lowe notes, the next Great Lathaming is a recession away.
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Staci Zaretsky has been an editor at Above the Law since 2011. She’d love to hear from you, so please feel free to email her with any tips, questions, comments, or critiques. You can follow her on Twitter or connect with her on LinkedIn.