Biglaw’s New Normal Isn’t Great For New Talent
As we mentioned in Morning Docket yesterday, the Wall Street Journal has a good article about how various recession-era cutbacks have become entrenched in Biglaw. If you have been paying attention or are a current law student, you know the issues: smaller entry-level classes, stagnant salaries, and a partnership track long enough to make a first-year Ph.D. student laugh. Other industries use economic downturns to retool their business models and develop new ways to compete. Not Biglaw....