The Real Threat to Biglaw’s Business Model
“Biglaw has a talent problem. It’s not that more recent law school graduates aren’t capable of doing the work that the industry demands of them, it’s that they are unwilling or at least, less willing to put themselves through the ringer of Biglaw for the benefits that Biglaw is currently willing to give them,” reports Kathryn Rubino in Above The Law.
“Earlier this year, Major, Lindsey & Africa and Above the Law reported on a survey that detailed what priorities are most important for millennial lawyers, and money is only top for ~17 percent of respondents. And ~29 percent said they would trade compensation for more time off, plus ~ 25 percent said a they’d swap money for a more flexible.”