Here are your headlines from the Bitter Newsroom, where we bounce back!
Why Lawyer Pay Will Shrink: Reverse auctions are driving Biglaw rates down as large firms anonymously submit quotes for a jobs posted by major companies. With the increased number of lawyers being dumped into the market graduating each year, it seems like this may be a trend with legs. Whoops, forgot to say something funny—so here’s a funny video.
Sleep is for Closers: Law firms in London are setting up Japanese capsule hotel-style rooms for their sleep-deprived attorneys. Along with the high paychecks, many magic circle attorneys find themselves going for days without sleep when trying to close a deal. Such accommodations might work well at certain US law firms, allowing first year associates to save money on renting a place they’ll never see.
