It used to be so simple: You get an offer from a big firm, you collect a nice fat salary, and you work your buns off. Though your chances of ever making partner are slim to nil, everyone — from the firm’s management to the new associate — pretends that it’s all possible. Meanwhile, you collect your money and upgrade your living standards. At a minimum, you are wearing much more stylish shoes.
But you might have to go back to shopping at Florsheim, as law firms come up with ways to pull that going-rate rug from under associates’ feet. Even before firms started tinkering with their deferred associates’ job description (as McDermott Will & Emery recently did), several firms started replacing their regular associate programs with “apprenticeships.”
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