Bitter News, 3-10-09

Quick headlines from the Bitter Newsroom as good as watching Steve Wozniak dance like a Teletubby:

Law firms are beginning to trim back the starting salaries of newly minted lawyers. The general number seems to be 10%, which would force some 25-year-olds to live on as little as $125,000.  Dare to complain, 3Ls?  [Chicago Tribune]

90,000 lawyers are licensed to practice in DC.  So it would make sense that there needs to be some way to sort the lions from the lambs/ducks from the geese/picks of the litter.  But directories and rankings like Avvo.com’s aren’t sitting well with the DC Bar, who thinks they violate copyright and privacy laws.  And since the world-information-virtual-interweb is basically full of a bunch of haters, professionals in general are worried about the effects of (mostly unfounded) nasty rankings of their business.  Now scroll down, comment and say something nice.  [Washington Post]

This economy has created a rich-on-rich civil war.  Gucci is now armor.  Hedge funds, the new conflict diamonds.  The DOW, a daily senseless act of violence.  And the new sheriffs are lawyers/court-appointed receivers (who are in unprecedented demand) to make sense of financial swindlers and protect the public.  [Reuters via the International Herald Tribune]

Want to file a suit to evict Obama for not being a natural-born citizen?  Washington Federal Judge James Robertson will treat it like a visit to your therapist: He’ll call you a “nut job” and charge you for his time. [New York Daily News]

I think a law school gunner is called a Dorm Mole in undergrad.  [PhilaLawyer]

Seven bad habits of highly ineffective mock trial-ers.  Not taking it seriously?  Nooooooo.  [LegalGeekery.com]

Read more from the Bitter Newsroom.

1 Comment

  1. Anon

    March 10, 2009 at 9:19 am

    The issue isn’t first year salaries. With inflation, they are basically at the same levels (approximately $10K higher) that they were in the 80s and 90s. The main problem is ATTRITION. The biglaw model is based upon up to 20-30% of associates leaving a firm within 3 years. In a recession, the attrition rate plunges to near zero (where it remains now). The layoffs we are seeing have little to do with the $160K; they are based upon a frozen attrition rate. If salaries remained at $145K, we would still be seeing similar cuts in staff. Biglaw became bloated during the boom times of 2000-2007; it now has to correct itself.

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