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Thursday, July 5, 2007

One in Four Lawyers Want to Quit

Interesting article in the Times of London:  One in Four Lawyers Want to Quit, by Frances Gibb:

Almost a quarter of lawyers want to leave the profession because of stress and long hours, according to a survey published this week. The poll of 2,500 lawyers also indicates that assistant solicitors — those who are not partners — are even more unhappy, with more than a third wanting to give up their jobs. The YouGov survey for The Lawyer magazine confirms that there is widespread dissatisfaction with the work-life balance in law, despite record levels of pay. It coincides with an inquiry by the Law Society of England and Wales into the long hours and lack of career prospects for lawyers with families.

The survey also shows that 20% of managing partners — those in charge of the the firm — wish they were in another job. But few lawyers feel able to leave their jobs, chiefly because of the pay cut. Almost a quarter of lawyers want to leave the profession because of stress and long hours, according to a new survey published this week.

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Tracked on Jul 6, 2007 6:00:34 AM

Comments

Very interesting to see that the profession has the same problems in England as we do here.

Posted by: GABA | Jul 5, 2007 11:07:18 AM

'Want to' and 'will' are two different animals

Different section of the zoo, different feeding schedules

They WON'T leave because the prospects of some frivolous lawsuit by disgruntled terrorist doctors is just to lucrative to pass up

Posted by: GW Crawford | Jul 6, 2007 6:44:04 AM

This certainly reinforces the common stereotype of lawyers, but what does the profession look like in comparison to others? From some quick research, it looks like lawyers are dissatisfied with their jobs at about the same level as the rest of society. I've posted some comparative statistics at StubbornFacts.us.

Posted by: PatHMV | Jul 6, 2007 6:48:07 AM

That's the way I feel as an engineer. I want to quit my job but I can't afford the pay cut.

Posted by: George | Jul 6, 2007 6:51:01 AM

What can we do to encourage the rest of them to quit too?

Posted by: Jacknut | Jul 6, 2007 7:04:30 AM

Funny, their clients have the same feelings of dissatisfaction, multiplied.

Posted by: james wilson | Jul 6, 2007 7:15:32 AM

I don't know about these sorts of figures -- how do they match up vs. other professions? I would bet there's quite a few janitors that would like to quit, but they can't afford it either!

Posted by: Mac 458 | Jul 6, 2007 7:45:54 AM

I did quit and am overjoyed about it! I now get to truly impact the world by raising and homeschooling my 5 children!

Posted by: genevieve | Jul 6, 2007 8:11:21 AM

Canticle to Lawyers: Reverse the ratio and we've got a deal.

Posted by: Bob Leibowitz | Jul 6, 2007 9:19:06 AM

I've been practicing for ten years. I'm 37. I quite like being a lawyer, but I'm single with no kids. Due, I'm certain, in no small part to the long hours.

However, I do have reservations. Of particular concern is that baby boomers are running all the big firms and they will not be retiring for 10-15 years. They make all the money. Most firms are top heavy with shareholders. Its a tough situation for younger lawyers. They have to wait longer to make shareholder. The criteria you need to meet to make shareholder is, to a large extent, either unkown or constantly changing. (i.e. becoming harder to meet)

Maybe the profession has always been like this. I dont' know. However, the bottom line is: I like the work, the money and the prestige. And no one is holding a gun to my head....

Posted by: TSBaker | Jul 6, 2007 10:00:18 AM