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by bradleyjg
1956 days ago
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BigLaw is getting squeezed by its clients. There are increasing numbers of companies that don’t want to pay hundreds of dollars an hour for fresh grads no matter how bright. That leaves law firms with the choice of either subsidizing young associates, which is dangerous given the competition for top partners, or finding some way to cut pay. While few have wanted to break away from marquee associate pay, the quiet rise of staff attorneys at BigLaw represents the breakdown of the bimodal system. |
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