State of the Market
I whine here on occasion about the Business of Law. I like Practice, but never really got into this to spend hours each month reconciling accounts, dealing with accounts receivable issues, et cetera. Every now and then I even think about jumping ship, though I’m not really certain what I’d do with my time. Even being a stay-at-home leash holder for Diego only takes so many hours in a day, and he tends to get cranky if I schedule too many things during naptime.
Jumping to other jobs isn’t really an option either. The market is non-existent, and I have no interest in relocating to another city. Just talking to other solo and small-firm stakeholders around town I hear enough about the state of the market to know that no matter how bad solo practice gets, it may be the best thing around. There are too many stories of laid-off BigLaw attorneys applying for receptionist positions and small firms lowering their advertised pay-rates just as a tool to reduce the size of the applicant pool.
So, quite bluntly, I wasn’t surprised at all to see this post at Above The Law. Law firms advertising for associates at below-minimum wage rates of pay? $10 per hour for part-time associates? Sure. The market is glutted with unemployed and underemployed professionals, the economy is trashed, and I’m certainly not buying into the hype that the recession is behind us. No matter how frustrated I get, looks like I’m staying where I’m at.