By Russ Ferguson on 2.15.10 @ 6:06AM
Young law schoolers discover they don't need to drive a
Lamborghini to their first jobs.
When I began law school at Georgetown, it was the golden
era for well-paid corporate legal work. If you put in your three
years at a halfway-decent law school and made modest grades, a
law firm would hire you at an outrageous salary. It was the norm
for lawyers to be making $160,000 their first year out of law
school -- and that's before a bonus (which often topped six
figures).
During this time, there was cutthroat competition among law
firms for talent. Law students would strut from interview to
interview with the arrogance that comes with being fought over.
Rarely was the focus of the interview on the applicant's skills;
instead, the point was to sell the law firm to the
applicant.
When the financial market crashed, so did all the legal
work. Law firms were suddenly no longer looking for warm bodies
to staff the mountain of deals they had coming in. But they had
already committed to hiring a massive workforce. Laying off these
people, as many firms did, was a bad move for public relations.
So firms began to offer a "public interest option." In exchange
for doing public interest work for a year, with an organization
of the new lawyer's choosing, the firms would pay future
associates $60,000-$80,000.
Firms, of course, had to define what they meant by "public
interest work." New associates were told they could do anything
they want that would be considered "good" (i.e., short of going
to another law firm). They were encouraged to work in the
government and in a range of private non-profit groups -- from
the Heritage Foundation to labor unions -- usually working for
free because they were getting paid by their law firm.
For many, this wasn't all that attractive -- after all,
they were giving up $100,000 and a bonus. Dreams -- and
expectations -- of buying a penthouse and a Mercedes weren't
going to be reachable quite so soon.
But as newly barred lawyers have taken this public interest
option, many have found jobs they like and enjoy. They picked up
some ethical sense in school and enjoy doing work that connects
with their values. They sympathize with their classmates who
ended up at firms and are working long hours doing work they
dislike, but they don't want their jobs. They calculate how much
they are making per hour, and find that they are better paid --
at least at first -- than those at firms.
Law firms wanted a reserve workforce committed to them to
be on call and ready to go should the market pick back up. What
they may be getting, however, is quite different. A lot of these
associates are trying to find a way to stay in their public
interests jobs, or at least a related field, and may have given
up on law firm work forever.
These new lawyers have found that their new jobs are more
fulfilling and more interesting, and -- more importantly --
they've seen that they can live on a smaller salary. As one of my
classmates put it, "Add up the hours I worked this week and add
up the hours my friends at law firms worked. Divide our salaries
by the amount of hours and you'll see -- I'm rich."
Moreover, often "public interest" is widely defined. Some
of these lawyers find themselves in jobs with for-profit
organizations in areas of the law they really enjoy. There, they
are doing substantive legal work, not poring over documents late
into the night like their friends at law firms.
These firms may have given associates a sweet deal in order
to retain top talent; but that deal may be backfiring as more and
more of those associates leave the firm for good.
There is a sense among this class of lawyers that their law
firms don't care if they come back or not. Suddenly, without law
firms competing with one another to shower new associates with
perks, they have lost their appeal.
In the end, to some a Lamborghini will always be worth what
it truly costs. And the more people that choose not to go to law
firms, the more law firms will some day have to compete over the
same pool of people. But for now, a light is dawning in the eyes
of lawyers -- the law is not about "how much." It is also about
"how."
topics:
Law School, Public Interest Law