Big Law finally gets it. The days of hiking Cog salaries, weeklong retreats to mountain spas and lunchtime golf outings are over. Firms can no longer leapfrog down the path of highest-paid first-years. It is time to get serious, trim the budget and show clients we aren’t wasting their ever-decreasing fees on lavish perks.
So, instead of paying first-year associates record-setting salaries even before they know how to practice law, Big Law has decided to pay them not to work.
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