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Attorneys salaries head down in America

America is one of the first countries where the Universities really starting pumping out law students, as is now happening in South Africa, and that is now resulting in salary slides.  In fact, they say one of the reasons that salaries having slid even more than they should do, is that companies are afraid of losing face if they reduce the salaries of attorneys too much. 

Other things that the companies complain about, to quote the New York Times, are “Talk to just about any partner at any major law firm, though, and they will tell you that first year associates know basically nothing when they start out.  Plus, a tiny fraction of the new grads they hire and train intensively actually stick around to become partners 7 or so years later.”  The benefit though is that those earning the top salaries in the major firms who are expected work 80 to 100 hours a week but those on the lesser salaries and new attorneys, while earning considerably less, mainly work 40 hours a week, which is considered to be the absolute minimum amount of work that a lawyer can do.  In my own experience, lawyers in South Africa typically, apart from those in the bigger firms, don’t work very much more than 40 hours, so I think most attorneys would struggle to keep up with working double that a week.  Personally, I typically work about 60 hours a week, but I guess that is expected that a company boss would work longer hours.

Posted by Michael de Broglio on Wednesday 18-Jul-12 Share on Facebook   Tweet It

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Comments

Tans  said:
on Tuesday 24-Jul-12 12:38 PM
I wonder if the new Legal Practice Bill will affect the structure of salaries in SA with attorneys and advocates becoming combined as a profession. Surely it has to change the way firms bill and pay salaries??

Brumilde  said:
on Monday 23-Jul-12 12:11 PM
Wow, shame man that is bad

Daniela  said:
on Friday 20-Jul-12 02:38 PM
Not something you want to hear when you are studying law :)

But then I suppose circumastances all over the world change relatively often and who knows in the next few years... Hopefully engineers or doctors or pilots are in the surplus. Well, I most certainly hope this will be the case.

Kaylene  said:
on Friday 20-Jul-12 01:11 PM
The Salary's are much higher than in South Africa, so we cant compare ourselves with the America when it comes to certain stuff.

Our standard of living gets higher, and Cost prices,etc increases but the salary stays the same. We get increases once a year, and the costs of other stuff goes up more than once a year

helen  said:
on Friday 20-Jul-12 09:53 AM
I still believe that USA salary rates are quite high, and as American business culture sais more hours you work you have got more possibilities to earn more. I think it is not only in legal field, and of course it is obviously if Law institutes will produce more attorneys and the work places did not increase - the salary level will drop.

Lucretia  said:
on Thursday 19-Jul-12 02:51 PM
Having read the blog, one has to ask oneself before commenting, what is the going rate of their salaries anyway. With the legal system they have that one can sue for anything, there must certainly be more than enough work for everyone - so is the sliding scale really fair?

Simone  said:
on Wednesday 18-Jul-12 03:16 PM
I would never have guessed that this would be happening in the US. It does make sense seeing the demand of jobs wanted in this industry.

Cherise   said:
on Wednesday 18-Jul-12 03:13 PM
That is a very interesting fact and so true in the Legal Profession the one major factor that one has to get use to is longer hours than your everage jobs. It is a extremelly demanding and interesting field.

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Johannesburg based attorney specializing in personal injury matters including Road Accident Fund claims and medical negligence matters. My interests include golf, reading and the internet and the way it is constantly developing. I have a passion for life and a desire for less stress!
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