Articles

Pike: An open letter to the new law school graduate

Our challenge to you is to think about how you will show up for yourself and your co-workers as a colleague in the legal community. You are no longer a student, and that can be a challenging landscape to navigate as a new attorney. So, what do the best professionals know and how do they make their marks at the beginning of their careers?

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Finding the right fit: New lawyers rejecting long hours, big salaries in favor of work-life balance

In 2021, the hiring of lateral associates skyrocketed 148.5%, the largest year-over-year increase recorded, according to NALP. Likewise, Thomson Reuters warned that by November 2021, law firms were “edging dangerously close” to seeing almost a quarter of their associates leave. However, while firms have raised associate compensation to lure talent, many new lawyers are not as interested in big salaries as previous generations of new attorneys.

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Finding solid ground: Young lawyer well-being suffers after 2020

According to Bloomberg Law’s Attorney Workload and Hours report from Q1 of 2021, well-being declined among attorneys, particularly those who have practiced for less than seven years. The study was the second iteration of the Attorney Workload and Hours Survey, which focused on lawyers’ experiences with job satisfaction and well-being in 2020.

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Survey finds associates’ salaries growing again

First-year associates’ median base salary has reached $165,000, about a $10,000 increase from 2019, indicating the reductions put in place during the COVID-19 public health emergency did not have a lasting impact, according to an analysis by the National Association of Law Placement.

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Trimble: Sound advice from a nationally known lawyer coach

For my column this edition I have the pleasure of introducing a friend, Cordell Parvin, who is one of America’s premier lawyer career coaches. In late February, just before the pandemic, I sat down with Cordell to get his take on a number of questions that had been simmering in my mind. I share that exchange with you now.

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Salaries increasing for 1st-year, large firm associates

First-year associates at larger firms are seeing heftier paychecks, according to a national study. But the Midwest is seeing the shorter end of that stick compared to other regions. In its 2019 Associate Salary Survey report released Wednesday, the National Association for Law Placement found that as of Jan. 1, the overall median first-year associate salary was up nearly 15 percent.

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Laterals remain prized law firm commodity, but offices also tapping new attorneys

Six intellectual property attorneys walked out of one law firm, boarded the elevator in their downtown Indianapolis office building and pushed the button for a competing law firm on the 19th floor. Thus, Frost Brown Todd last month bolstered its Indianapolis IP practice group by luring the entire intellectual property team from SmithAmundsen’s Indiana office. The move underscored what law firms say is a competitive job market where experienced lawyers are the hottest commodity.

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Working hard or hardly working: Survey says half of partners not busy

It’s frustrating for any high-performing employee: You’re glued to your computer, fingers furiously flying across the keyboard to finish your report, brief or project. Then you look over and see a co-worker chatting with a friend, playing on their phone or scrolling through their Facebook feed, seemingly without a care or a deadline to meet.

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