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Friday, May 27, 2011

NY Times: Law Firms Embrace Permanent Associate Tracks

New York Times, At Well-Paying Law Firms, a Low-Paid Corner:

The nation’s biggest law firms are creating a second tier of workers, stripping pay and prestige from one of the most coveted jobs in the business world.

Make no mistake: These are full-fledged lawyers, not paralegals, and they do the same work traditional legal associates do. But they earn less than half the pay of their counterparts — usually around $60,000 — and they know from the outset they will never make partner.

Update: Erik Gerding (New Mexico), Tiers of Associates; Tiers for Legal Degrees?

http://taxprof.typepad.com/taxprof_blog/2011/05/ny-times-law-firms.html

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