Reply to How much does junior partner at top DC law firm make?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]I’m a junior associate at a ‘top’ firm that has been thinning the partner ranks aggressively this year. The firm is also moving towards a model with more counsel, fewer partners so they can keep their paycheck/share as big as possible. Talent/intellect is not rewarded- ability to play the game is.  In my opinion, which isn’t worth much, the market/rate pressure on big law firms is going to fundamentally reshape the business. The whole deal firms make with associates is that you are overpaid to put up with the terrible working conditions. They won’t be able to pay associates that way if this continues, and no one will put up with partner bullshit for peanuts. And the people at the top of the pyramid right now are so out of touch with the economic reality millenials face they won’t realize this until it’s too late. [/quote]

As in-house counsel for a Fortune 500, I can attest to this.  We're thinning the herd of law firms we use, capping fees and reducing our use of outside counsel in favor of in-house resources.  BIGLAW is good for making some cash to pay off loans and learning your craft.

Also, many mid-sized companies are using virtual law firms and regional law firms that are filled with BIGLAW refugees.  Same quality (some would say better), with a 1/2 to 2/3 hourly billing rate.[/quote]

I'm also in-house counsel for a large company.  We try to avoid BIGLAW unless we're dealing with a big merger or high profile lawsuit.  Even then, if we have regional counsel we trust, we'll opt for them.  [/quote]

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