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| BigLaw firms profit immensely because they have a massive supply of new lawyers who will take anything that's given to them. I've had this situation describe
by waylandsmithers 12y ago
| BigLaw firms profit immensely because they have a massive supply of new lawyers who will take anything that's given to them.
I've had this situation described to me a little differently by a friend who has been in the field since the late 70s. Over the past several years, there has been a shift in the general relationship between lawyers and clients. Back then, it would be unheard of for a client to pick through or question the bill from a prestigious BigLaw firm-- that was considered to be an insult.
But recently more clients are contesting the bill, specifically, "Why are we paying for hours from these associates you hired six months ago? We want the 40 and 50 year olds who are in their prime." BigLaw can't as easily bill hours for newbies who previously would have been trained on the client's dime, so they just hire fewer of them.