Almost 1 / 4 of all attorneys in personal observe are employed in giant regulation corporations (regulation firms with over 20 lawyers), in accordance with the American Bar Association. Roughly 14 p.c of these legal professionals are employed in legislation corporations of a hundred or extra attorneys. These giant law companies are sometimes generally known as mega-companies or Big Law.
By the yr 2022, millennials will represent nearly all of legal professionals within the AmLaw 200 legislation companies. Managing and leading them will signify completely different challenges and require totally different abilities and techniques than have been required to preside over the standard set of lawyers. For example, statistics present that millennials change jobs far quicker (an average of 1.8 years) than earlier generations, with apparent implications for the return on the funding corporations make to train and combine lawyers into the firm. Dr. Larry Richard, the main professional of … Read more