On the Job
On the Job
Solos, Small Firms … AM Law Practice Leaders: What Does Retirement Look Like?
Retirement . . . are you kicking back and enjoying your grandchildren? Are you sitting by the pool or playing golf? What is on your bucket list? Skydiving! Are you looking to ease into retirement now? Considering a firm with more than one location. Live in NYC but want to spend time in Florida?
The Law Firm Generation Gap: A Millennial and a Baby Boomer Talk It Out
Ah yes, the hot button topic of the law firm generation gap between millennials and baby boomers. Lawyers who are just starting out or are long-time veterans view things differently on how a law firm should be ran in today’s world. Young lawyers are challenging the status quo to improve on the dynamic and structure of big law firms. “The business model is broken,†says Kristen Corpin, a young Miami lawyer. She says in order to keep young talent, partners need to have more respect for their young associate, not the concept of “you make a paycheck, just be grateful.â€
Fuel Your New York Growth With Real Estate
Law firms all over surprisingly view real estate as “second best†in comparison to the heavy hitters of corporate and private equity work when in the process of trying to increase their profitability. This is a huge missed opportunity for firms and some New York City law firms are proving just that! A strong real estate practice matters, even though New York is best known for their corporate legal work. Despite modest declines over the past few years, the New York City real estate market is solid and is even improving. Non-New York firms are starting to take notice of the incline in real estate and have even hopped on the train to add significant groups to their real estate practice in New York in the last 18 months. Do you want to be a powerhouse in real estate? Are you a real estate partner or interested in real estate law? Then be sure to check out this law.com article! Author: Victoria Ostrander Assistant Editor The American Lawyer | National Law Journal | Corporate Counsel Email: vostrander@alm.com ALM Media Properties LLC
Fractional General Counsel Services: The Soft Landing between a Rock and a Hard Place
What is a Fractional General Counsel you ask? A Fractional GC delivers an experienced legal executive for a fixed fee, filling the need for business-focused and operationally-oriented legal help while controlling the legal budget. Big law is continuing to increase starting salaries and raise hourly rates, plus total compensation and benefits for in-house lawyers to continue to grow. Between this rock and hard place are businesses looking for ways to reduce cost and meet demands for legal advice and counsel in an increasingly complex legal and regulatory environment. Unless change is made, the “Rock†of high outside counsel costs for anything other than highly specialized work will continue to force companies to search for ways to reduce or at least control legal costs. The Hard Place, the logical response, is the continued growth of in-house legal departments, but therein lies the rub. Want to learn more about this soft landing between a “rock†and “hard place?†Read more here in this law.com article!
2018 Law Grads Enjoyed Strongest Job Market in a Decade: NALP
Entering the workforce after graduation is never easy. Especially if you are trying to make it in the law field—unless you are the class of 2018! Last year’s law school graduates were fortunate enough to hit the pavement in what was considered the “strongest job market in a decade.â€
Legal Tech Can Differentiate Young Lawyers at Law Firm Interviews
The hiring season is fast approaching for soon to be law graduates. As law students begin the interviewing process, what should they be studying up on to catch a law firms attention?
The Stealth Job Search
If confidentiality is critical to your job search, any marked change in your schedule, behavior, attitude, work product, or attire could arouse suspicion. Furthermore, you must be careful how you use online job search resources and reach out to your networks. If you have a job while seeking a new opportunity, the consequences of discovery by your current employer include the possibility of immediate termination or, at least, the loss of trust and questions about your loyalty.
Unlimited Vacation Policy: A Perk or Punishment at Law Firms?
Who wouldn’t want an unlimited vacation time policy at their firm? Well, for most lawyers, you would be surprised to know that they would prefer a more restrictive time off policy. What seems to be an attractive feature for a company is viewed as a faulted system. Some lawyers say because of this “perk†they end up using less vacation time.
As Pay Gap Widens, Some Firms Attract Associates with Other Incentives
Law offices across the nation are struggling to appeal to associates and get them to make lateral moves to their firms. There is one city though who is trying a different approach: Atlanta. This city’s large firms are using bonuses and a viable partnership path to lure in-demand associates. Last year’s national wave of associate pay raises further enlarged the compensation gap in law firms in Atlanta, which took a toll on boutiques and regional firms to obtain and retain associates because they are unable to compete salary wise. However, some AM Law 100 and 200 firms that pay below the top associate pay scale in Atlanta are wooing top midlevel and senior associated by offering these higher bonuses and chances to actually make partner, and they are successful. Do you think this strategy is something your firm would be interested in to attract new associates? Learn more in this law.com article. Author: Victoria Ostrander Assistant Editor The American Lawyer | National Law Journal | Corporate Counsel Email: vostrander@alm.com ALM Media Properties LLC