Law Practice,
Corporate
Jun. 30, 2016
Adapting to associate pay bumps
If the cost of first-year salary increases is passed to clients, alternative fee arrangements, regional firms and "offshore" exploration will likely become more widespread.
STARTUP ROUNDUP
When I was in law school, I once asked why nearly everyone wants to join law firms despite the long hours, high stress and occasional sadistic supervising partner. A very prominent legal scholar explained, "It's a rite of passage. All great legal minds have been taking the same path for generations. To this day we continue on the same path. Looking for another, even a better one, is to defy the precedent that we so dearly cheri...
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