TaxProf Blog

Editor: Paul L. Caron, Dean
Pepperdine University School of Law

Wednesday, May 23, 2018

43% Of Lawyers Are Millennials, Outnumbering Gen Xers And Baby Boomers

American Lawyer, Law Firm Survey Says Millennial Era Is Here, But Change Has Just Begun:

Millennials now make up the largest generational group of attorneys in the U.S., and a new study finds that they are poised to bring about an unprecedented change to a traditionally static legal industry.

A new report by global real estate services firm Cushman & Wakefield, in collaboration with ALM and Law.com, found that as millennials make their way through the ranks at law firms, their demands for change in their work environment will recast how firms structure their compensation, real estate decisions, information technology and flextime policies.

Millennials now account for 43 percent of attorneys, outnumbering Gen Xers and baby boomers in the legal industry, the study found.

“[Their] top 5 [priorities], other than money or compensation, are all about warm, fuzzy things—a collegial work environment, work-life balance, mentoring, and exposure to clients."

http://taxprof.typepad.com/taxprof_blog/2018/05/43-of-lawyers-are-millennials-outnumbering-gen-xers-and-baby-boomers.html

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Comments

There's an assumption that more millennials means more progress. But they'll get old and cranky like the rest of us. Wait until they have kids.

Posted by: mike livingston | May 23, 2018 4:26:42 AM

Well sure, they are. Remember how law schools were dumping 50,000 grads per year around and after the Recession? Millennials.

Posted by: Unemployed Northeastern | May 23, 2018 3:57:30 PM