It's a bit mind blowing that 1st year associates at those firms are paid the same salary as a US District Court judge. I often wonder why so many clients are willing to pay the fees required to pay those salaries.
My first thought? Wow, new lawyers are getting paid a lot more than we law professors are. My second thought? There's no way I'd want to relive being an associate again, even though I learned a lot and liked most of my colleagues.
I am less concerned about the associates than the partners. Why are Biglaw partners "making out like bandits"? What are the social and economic forces that enable this? Are those forces likely to continue, evolve, or abate? And finally, how do those outsized payments fit into the moral landscape of our society?
It's a bit mind blowing that 1st year associates at those firms are paid the same salary as a US District Court judge. I often wonder why so many clients are willing to pay the fees required to pay those salaries.
My first thought? Wow, new lawyers are getting paid a lot more than we law professors are. My second thought? There's no way I'd want to relive being an associate again, even though I learned a lot and liked most of my colleagues.
I am less concerned about the associates than the partners. Why are Biglaw partners "making out like bandits"? What are the social and economic forces that enable this? Are those forces likely to continue, evolve, or abate? And finally, how do those outsized payments fit into the moral landscape of our society?