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As Salaries Rise, So Does the Debt
Whether new lawyers land jobs at giant international firms, where salaries recently hit $135,000, or at small practices in the Midwest and elsewhere, they are paying up to 267 percent more for their education, compared with costs in 1990. That means beginning lawyers -- especially those in midsize and small firms -- are shouldering much more debt at graduation, a situation that some observers fear will lead to more loan defaults, attrition and job dissatisfaction. "It stinks," gripes one associate.Law School Costs Outpace Associate Raises
Threatening to trample any optimism among law school graduates created by recent associate salary increases at many of the nation's top law firms are the runaway costs for a legal education that are bounding far ahead of pay raises at firms of all sizes.Time and Billing Implementations Call for Trust, Skepticism
Trust and skepticism are needed in equal measures when your law firm is installing a time-and-billing system, panelists advised on Tuesday at the International Legal Technology Association's annual conference in National Harbor, Md.As Salaries Rise, So Does the Debt
Whether new lawyers land jobs at giant international firms, where salaries recently hit $135,000, or at small practices in the Midwest and elsewhere, they are paying up to 267 percent more for their education, compared with costs in 1990. That means beginning lawyers -- especially those in midsize and small firms -- are shouldering much more debt at graduation, a situation that some observers fear will lead to more loan defaults, attrition and job dissatisfaction. "It stinks," gripes one associate.State AI Legislation Is on the Move in 2024
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