Cutting starting salaries will hurt young lawyers

By Rick Colosimo / February 17, 2009 / Comments Off on Cutting starting salaries will hurt young lawyers

The WSJ Law Blog recently noted a suggestion by — that law firms reduce starting salaries for their lawyers in exchange for some sort of (read: unenforceable) promise to keep things together for some period of time. There are a range of problems that I see with this proposal, and here are some suggestions as…

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Law firms as Ponzi/MLM schemes?

By Rick Colosimo / August 24, 2008 / Comments Off on Law firms as Ponzi/MLM schemes?

I spent some time on Thursday morning in a courtroom full of very expensive lawyers. The associates were few and far between, as were the women (but that’s a different story). Later that afternoon, I spoke with a former officemate of mine from when we were both second-years at a large NYC law firm. These…

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