Home

Bryan Cave Pays Associates to Not Come to Work
Download PDF
1 Star2 Stars3 Stars4 Stars5 Stars (No Ratings Yet)
Loading...

In 1933 the Federal Government began paying farmers to not grow crops, in the hopes that reducing the supply would stabilize prices and help spur recovery from the Great Depression. Today, Bryan Cave becomes the third law firm to pay lawyers not to work. Certainly the goals of the Federal Government differ from that of a big law firm, and just as certainly the effectiveness of the Agricultural Adjustment Act of 1933 can be debated, but one comparison that seems firm is that the current market can’t bear the supply. There are simply too many lawyers for too few jobs. Paying new associates to not come to work, in effect subsidizing the legal industry, is one of many ways the market is handling the situation.

In the case of Bryan Cave, new associates are being offered $70k to not work. In some cases, these lawyers are being asked to, in effect, “go away”, while others are being paid to take a deferral. It’s unclear how many of each there are at this time.

Stroock and Pillsbury have already offered first year associates money to walk away in one form or another. If more firms continue to do this, will it have a net impact on the legal economy? How many new associates would need to be subsidized in order to “correct” the market? If this becomes an industry trend, we may find out.

  
What
Where




 

Interesting Legal Sites You May Like


BCG FEATURED JOB

Locations:

Keyword:



Search Now

Mid to Senior Level Labor and Employment Attorney

USA-CA-San Francisco

San Francisco office is seeking a mid to senior level labor and employment attorney.

Apply Now

Litigation Lawyer

USA-PA-Somerset

Somerset office of our client seeks litigation lawyer with experience.

Apply Now

Senior Trademark Attorney

USA-CO-Denver

Denver office of our client seeks senior trademark attorney with 7+ years of prosecution experience....

Apply Now

Mid-level Corporate Associate Attorney

USA-NY-New York City

New York City office of our client seeks mid-level corporate associate attorney with 3-5 years of ex...

Apply Now

RELEVANT JOBS

SaaS Marketing Executive

USA-NV-Las Vegas

Key Responsibilities: Set up a marketing plan to educate personal injury law firms about our c...

Apply now

Paralegal

USA-CO-Littleton

My colleague, Elwyn Schaefer, and I are seeking a contract paralegal to assist with document control...

Apply now

Attorney

USA-WA-Seattle

Fifth Avenue Law Group PLLC (“FALG”) is a boutique Seattle law firm with a practice emph...

Apply now

Corporate Counsel

USA-NY-New York City

Delos is seeking a Corporate Counsel to join our talented legal team. The position will be located a...

Apply now

SEARCH IN ARCHIVE

To Top