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WSJ Law Blog’s “Rethinking Associate Pay”

WSJ Law Blog’s “Rethinking Associate Pay”

Interesting article on law firm associate pay.  Does this article merely confirm what we already knew? 

What does it take to keep associates happy and committed to their firms?

Heaping wads of cash, right?

Not necessarily. In its annual associate satisfaction survey, the American Lawyer found that associates worked hard last year, logging 2,037  billable hours, on average. That averages out to almost 8 billable hours every single week day of 2010. Ouch.

The fact that associates billed more hours last year, in comparison to 2009, is good news for the industry. But, not surprisingly, associate satisfaction was down last year, according to AmLaw. (Click here to read an overview of the survey’s findings.)

If higher pay and special bonuses don’t make associates satisfied with their jobs, what will it take?  Better work assignments? More courtroom experience? Less hours?  More mentoring?

Is the billable hour to blame or does job satisfaction depend on each law firm’s culture and philosophy? Are associates expecting too much?

Let us know your thoughts.

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Slideshow of photos from AABANY Happy Hour at Roam on Aug. 31, 2011.  Thanks to everyone for coming!

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Download Fall Conference Brochure in PDF

Download Fall Conference Brochure in PDF

Reminder: AABANY’s Fall Conference taking place on September 17 at Skadden and sponsored by Wells Fargo and Veritext, has an early bird deadline that closes today, Sept. 1. Sign up today and save. AABANY members, who get discounted rates, will save even more. Click here to be taken to the registration page. Click on the link in the title to download the Fall Conference brochure that describes the 16 programs you can choose from. We hope to see you there.

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NAPABA Press Release on Goodwin Liu Confirmation

NAPABA Press Release on Goodwin Liu Confirmation

WASHINGTON – Today, the three-member panel of the California Commission on Judicial Appointments unanimously confirmed Professor Goodwin H. Liu’s nomination to the California Supreme Court. He will be sworn in as Associate Justice of the Supreme Court of California tomorrow in Sacramento by Governor Jerry Brown. The National Asian Pacific American Bar Association congratulates Professor Liu on his confirmation.

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Recent College Graduates Wait for Their Real Careers to Begin – NYTimes.com

Recent College Graduates Wait for Their Real Careers to Begin – NYTimes.com

Interesting article about unemployed and under-employed grads from classes of ‘06-’10 dubbed Generation Limbo. We may be seeing our own Generation Limbo in law today, with the contraction of the economy over the last few years. Of note is the following quote:

“What was the point of working so hard for 22 years if there was nothing out there?” said Ms. Morales, who is now a paralegal and plans on attending law school.

Someone tell Ms. Morales that the grass is not any greener on the law side of the fence.

A 27-year-old Yale graduate quoted at the end of the article, I think, has the right idea:

“You have to make opportunities happen for yourself, and I think a lot of my classmates weren’t thinking in that way,” he said. “It’s the equivalent of setting up your own lemonade stand.”

More and more of our young lawyers are hanging out their shingles at a very early point in their careers, which might be the way to go. We hope that they’re availing themselves to the mentors and other resources that may be out there to help them along in pursuing that road.

What do you think?

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Tribute and Remembrance: Asian Americans After 9/11

Tribute and Remembrance: Asian Americans After 9/11

From AAARI/CUNY:

Commissioned by the Asian American Federation in 2003, Tribute and Remembrance documents the extensive effects the 9/11 tragedy had on the Asian American community, by examining the economic impact of Chinatown, the toll on taxi cab drivers, INS deportation of Muslims, the mental health impact and 3 victims’ family stories. In addition, it highlights some of the philanthropic efforts of the Asian American community following the tragedy.

This screening and lecture is scheduled for Sept. 9. For full details follow the link in the title.

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