Confirmed for Big Law: Reduced Hiring for Entry-Level Jobs, End of Pyramid Model

 Reconfiguring Big Law really is really going to happen. At least that's what more experts have confirmed. Reuters Legal reports:

"A report released on Thursday by Citigroup and Hildebrandt Consulting found that 86% of large firms plan to grow their ranks of associates overall through 2027. But just 35% intend to grow the size of their first-year lawyer classes, and only 37% expect to onboard more summer associates, law students whose positions typically become full-time when they graduate."

Last March in Lawyer Monthly, chair of Paul, Weiss Brad Karp essentially predicted the same hit to the demand for very junior lawyers. That was because of AI. 

Meanwhile, the phasing out of the pyramid business model is already a reality in management consulting. With a significant reduction in hiring of new law-school graduates it's obvious that Big Law will have to replace its pyramid model. Reuters Legal is saying just that. Buzzed about has been the coming of the diamond one: few humans at the bottom, the bulge in the middle and a limited number at the top. The latter configuration would juice the Profit Per Equity Partner. 

In coaching I have become like a Greek Chorus, chanting about the risky investment of time, money and hope current law school students are making. Lots can happen in the Law of Supply and Demand during the next several years. There could be a tragedy in the making. 

Thrown off your game, maybe the first time since you started working? You made all the right moves and then the world moved in another direction.

Intuitive Coaching. Special expertise with transitions, reskilling and aging. Psychic/tarot readings, upon request. Complimentary consultation with Jane Genova (Text 203-468-8579, janegenova374@gmail.com). Yes, test out the chemistry. Zero risk.

 


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