Blick in die Zukunft der Rechtsberatungsindustrie

This legal recession should result in several great leaps forward: lockstep compensation will die (at last), replaced by more dynamic models that account for productivity and contributions to the firm's long-term institutional identity. The donkey and carrot race for partnership will fade as lawyers take on flexible levels of responsibility and ownership. Law school hiring will change. On-campus hiring will move to end of the second law school year, and look a lot more like business school recruiting. Students may opt for two-year law programs, or schools that offer stronger internship and practical training opportunities beyond academic legal training. These long-term changes will evolve in fits and starts over the next few years. Compensation is already changing, partners are being de-equitized, …