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I'm not sure the "truism" that law is well paid in most plaes is true any more. In the UK for example criminal barristers have been striking due to low pay (so
by raesene9 4y ago
I'm not sure the "truism" that law is well paid in most plaes is true any more.
In the UK for example criminal barristers have been striking due to low pay (sometimes effectively under minimum wage)
Then in the US we have evidence of declining salaries https://www.reuters.com/legal/legalindustry/median-us-lawyer-income-dropped-over-past-two-decades-economists-find-2022-08-23/ https://www.reuters.com/legal/legalindustry/median-us-lawyer... and over supply of lawyers https://www.abajournal.com/news/article/law_firm_leaders_report_lawyer_oversupply_and_chronically_underperforming_l https://www.abajournal.com/news/article/law_firm_leaders_rep...
It's not really a surprise if you tell people that profession x pays universally well long enough, more people will go there than are required, unless the demand for the profession keeps expanding.
- pclmulqdq 4y agoUS lawyer pay is weirdly bimodal. First year associates at top firms can make 2-5x more than partners at the median firm. There doesn't seem to be a middle ground in pay, either.