Wednesday, February 10, 2010

The market for lawyers, a modest proposal

Ashish Nanda at the Harvard Law School has a modest proposal for how the jobmarket for new associates at large law firms should be organized, particularly in light of some of the problems that have been exposed in the current recession: Lawyers Should Be Recruited Like Doctors

"The current oversupply of new associates has sent law firms scrambling to implement short-term adjustments, such as secondments and deferrals. But the legal profession needs more than temporary half-measures. The new-associate recruitment market is fundamentally broken, and it has been for some time. Incremental changes are not going to address its underlying problems. The market needs a structural fix -- a centralized matching authority, like the one that the medical profession has been using for more than half a century. "

HT: Guhan Subramanian

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