Celebrating 10 years! 2007-2017

Millennials are allegedly changing the legal profession

Forbes article attributes millenials to changing legal indus ibrslave06/28/17
People who score 160+ on the LSAT, i.e. those most likely to flharfh06/28/17
Yeah I think that part is valid. I definitely notice that ma loblawyer06/28/17
"Another potential challenge with law school and the legal p sjlawyer06/28/17
"Work-life balance is an important ideal for many millennial karlfarbman06/28/17
Stagnating billable rates have also lead to boomer partners mrtor06/28/17
"In the United States, this profession is one that often sym vohod06/28/17
Gen X here. Kinda tired of stories about how millennials are thedarkscrivener06/28/17
Also Gen X. Read a story this morning with lots of hand-wri dupednontraditional06/28/17
I know you're shocked to believe this, but boomers care abou sjlawyer06/28/17
Didn't GenX basically do the same thing during the dot com e sjlawyer06/28/17
There weren't enough of us to upset the apple cart, though. thedarkscrivener06/28/17
True. Ive heard boomers gloat about working 6 days a week an mtbislife06/29/17
Millenials know that wages will not go up as much as they di ternarydaemon06/29/17
Nobody is entitled to the generation before them handing ove jeffm06/29/17
Taking it is credited in law. No non-competes. You can liter vohod06/29/17
The Florida governor just shot down an e-wills bill. As it secondcareerlawyer06/29/17
Tax will go the same way... Most of western world is current triplesix06/29/17
I am barely a millennial...or maybe I am that micro generati cocolawyer07/03/17
ibrslave (Jun 28, 2017 - 3:01 pm)

Forbes article attributes millenials to changing legal industry : https://www.google.com/amp/s/www.forbes.com/sites/wesgay/2017/06/28/millennials-unexpected-change-legal-profession/amp/. Other than anecdotal, very unique examples used in the article, I don't see millenials making ANY changes to the legal profession. Some, but not all, like to whine though! And, saying millenials are declining to enroll in law school because of work-life balance or other lifestyle factors, is doubtful. The big factor causing people not to enroll in education is more likely the availability of horrible job and debt data which is now publicly available, regardless of generation that accesses that info. But hey, let's pretend like there's a story here...

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flharfh (Jun 28, 2017 - 3:19 pm)

People who score 160+ on the LSAT, i.e. those most likely to secure stable employment as attorneys at respectable (if not necessary biglaw) firms, are disproportionately staying away from law school.

http://taxprof.typepad.com/taxprof_blog/2017/06/the-number-of-law-school-applicants-with-160-lsat-scores-has-declined-60-since-2010.html

I think there are legs to theory that millenials, at least ones with options, aren't as willing to work 60 hr weeks as past generations were.

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loblawyer (Jun 28, 2017 - 9:35 pm)

Yeah I think that part is valid. I definitely notice that many younger associates have no interest in following the partners' career path.

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sjlawyer (Jun 28, 2017 - 3:07 pm)

"Another potential challenge with law school and the legal profession is the cost of a legal education. With student loan debt a practical concern for many millennials, they may not initially see the overall value of law school both for their career and achieving future goals."

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karlfarbman (Jun 28, 2017 - 3:08 pm)

"Work-life balance is an important ideal for many millennials. Since salary levels remain somewhat stagnant for many in this generation, the intangible benefits of work-life balance improve engagement, productivity, and happiness in the workplace."

Who wants to work more for the same money? This is the real issue, legal education aside. Boomers still working keep wages down for younger employees.

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mrtor (Jun 28, 2017 - 4:02 pm)

Stagnating billable rates have also lead to boomer partners take an increasingly larger share of the revenue to maintain their quality of living at the expense of younger associates.

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vohod (Jun 28, 2017 - 3:30 pm)

"In the United States, this profession is one that often symbolizes hard work, success, and making a difference in the world."

That sums up almost every aspiring professional and isn't limited to law students.

"One Nixon Peabody attorney primarily works with microbreweries because of his passion for the business, and another specializes in representing YouTube stars due to her love for entertainment."

Anecdata.

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thedarkscrivener (Jun 28, 2017 - 4:35 pm)

Gen X here. Kinda tired of stories about how millennials are breaking everything. It's all just boomers whining about how millennials won't play by their rules and be good little profit centers and consumers.

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dupednontraditional (Jun 28, 2017 - 4:49 pm)

Also Gen X. Read a story this morning with lots of hand-wringing about what Millineals will "do" and how do we train them to takeover leadership in the new economy, etc.

Valid points, I guess. But true to form, still no one has any fvcks to give about Gen X, and we are starting our prime earning/influence years to boot. Hilarious. Several million people just Do Not Exist, I guess...

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sjlawyer (Jun 28, 2017 - 4:51 pm)

I know you're shocked to believe this, but boomers care about themselves and by extension, their children.

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sjlawyer (Jun 28, 2017 - 4:51 pm)

Didn't GenX basically do the same thing during the dot com era?

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thedarkscrivener (Jun 28, 2017 - 4:59 pm)

There weren't enough of us to upset the apple cart, though. We're a lot like the Lost Generation. Millennials have the numbers to be a true disruptive force, and that scares a lot of boomers. So they get gaslighted and scolded for not falling into line.

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mtbislife (Jun 29, 2017 - 12:34 am)

True. Ive heard boomers gloat about working 6 days a week and missing family functions. I cant comprehend how thats something to brag about, hope it was worth it.

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ternarydaemon (Jun 29, 2017 - 4:21 pm)

Millenials know that wages will not go up as much as they did for previous generations. Add in inflation, uncertainty in the economy and many global factors; working 10 hours a day for a company or firm not only is risky. Look at the GenXers hitting 50 years old. Would you really want their life? Working all time, trying to pay the mortgage only to be fired for redundancy at 46? Middle age crisis without the convertible, I would say.

Millenials with means prefer alternative lifestyles, but they are not really making a change, just making boomers slightly stressed about talent acquisition. Many companies compensate by adjusting the processes so that the younger employees can have a high turnover of per year. Companies need less managers, and more specialized too.

Millenials' financial future was destroyed, but overall the generation is statistically young, industrious and has no family or children obligations. They don't have the debt of older generations, although they also lack assets and liquidity.

I think that many GeneXers got the worst deal: they have worked their arses for a couple decades, waiting for the boomers to hand over the company (but they did not), endured the stress of families, tuition and mortgages, and will be largely unemployed by the time they reach retirement age. The stories of guys being fired at 46 and enduring distress and bankruptcy are legion.

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jeffm (Jun 29, 2017 - 4:45 pm)

Nobody is entitled to the generation before them handing over sh*t. Keep waiting, and by the time it's finally your turn, you'll be older and in your 50's. That's when all the 70+ year-olds before you finally start having to throw in the towel. Until then, you should bank on the fact that they aren't going to be handing you squat.

So, either work for them under their terms, find a way to bill and collect 2 hours a day on your own, or find something else to do.

But no matter what you try to find, in whatever trade or profession it might be, just know that Boomers aren't going to hand anyone sh*t. That's just a fact of life. When I was young, I always had pictures of mentors handing over all their business, too. Baloney! They will make you buy it, unless you can find a way to take it from them.

Competition is here to stay.

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vohod (Jun 29, 2017 - 5:42 pm)

Taking it is credited in law. No non-competes. You can literally open shop across town and poach a conceited former employer-firm's business

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secondcareerlawyer (Jun 29, 2017 - 4:33 pm)

The Florida governor just shot down an e-wills bill. As it stood the draft would have allowed remote notaries, remote witnesses, storage of wills online that could be used for probate, and residents with next to no nexus to Florida to enact a will there.

Basically will drafting would have turned into a bunch of apps.

The governor wisely shot it down claiming this bill was full of security concerns.

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triplesix (Jun 29, 2017 - 5:30 pm)

Tax will go the same way... Most of western world is currently implementing comprehensive efiling systems, US will have to follow eventually to stay competitive

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cocolawyer (Jul 3, 2017 - 3:01 pm)

I am barely a millennial...or maybe I am that micro generation they just came out with (December 1982). I think in large part millennials whine an awful lot...but they are not the reason for so many suffering. Baby boomers have screwed this economy and continue to screw over other generations. Killing healthcare helps only the boomers. Phasing out social security only effects Gen X and millennials as the phase out only is for individuals under 55 (this is a current proposal from Price about dealing with social security). No minimum wage hurts only the younger generation, and "free market" no rent control is a boon again for boomers.

The legal market is the same. The reduction in new attorneys gives a greater slice of the pie to the partners who are in large part boomers. Its a stacked deck that is only becoming more stacked. Millennials want student loan forgiveness, lower interest rates, or forgiveness is non-taxable. Boomers have asked to raise the interest rates and kill pell grants, further indebiting the other generations. But hey they get lower taxes.

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