WHEN A HIGHLY RESPECTED law firm managing partner tells the press, “we’re all lemmings running headlong toward the cliff,” every lawyer should pay close attention. Something important is going on in the legal community.
The firms are all saying the expected things: that the raises won’t affect billing rates or billable hour requirements. But as firms announce raises in a flurry of one-upmanship, the statements ring hollow. We all know that associate life in a big firm is a pressure cooker. Raising salaries turns up the heat.
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