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

Litigation Trial Attorney with 3-5 years of pleading experience

USA-WA-Seattle

Seattle office of our client seeks litigation trial attorney with 3-5 years of experience. The candi...

Apply Now

Corporate Attorney with mergers and acquisitions experience

USA-CA-Los Angeles

Los Angeles office is seeking a corporate attorney with 1-6 years of M&A, corporate finance, securit...

Apply Now

Estate Planning Attorney with 6+ years of experience

USA-CA-Los Angeles

Los Angeles office is seeking an experienced estate planning attorney with 6+ years of experience. C...

Apply Now

Condominium Associate Attorney

USA-IL-Chicago

Chicago office of our client seeks condominium associate attorney with 1-3 years of experience. The ...

Apply Now

RELEVANT JOBS

Corporate / Commercial Attorney | Lebanon, NH

USA-NH-Lebanon

Downs Rachlin Martin PLLC seeks an experienced corporate / commercial attorney to join its Lebanon o...

Apply now

Business Law Junior Associate | Burlington, VT

USA-VT-Burlington

Downs Rachlin Martin seeks associate attorney with 1-3 years of experience to join its Commercial an...

Apply now

Business Law Associate | Burlington

USA-VT-Burlington

Downs Rachlin Martin is seeking an attorney with 4 to 8 years of experience to join its very busy pr...

Apply now

Litigation Associate

USA-NY-New York City

Midtown Manhattan litigation boutique with diverse civil litigation practice seeking associate with ...

Apply now

Most Popular

SEARCH IN ARCHIVE

To Top