Law in Contemporary Society

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DeathofGiantFirms2 8 - 28 Jan 2008 - Main.EdwardNewton
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I started this new topic to reply to EdwardNewton, since I sensed we both wanted to move away from the topic of BalancingWork. EdwardNewton never consented to this appropriation. If it was wrong, let me know and I won't do it again.
-- AndrewGradman - 26 Jan 2008
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 Finally, I think it will be the large firms that are spearheading this development. It takes a lot of capital and connections to set up shop internationally. Those firms with experience in the international arena will be much better positioned to move into India than will the small regional firms. While the smaller firms may farm work out through an intermediary, they will be much less likely to employ full-time staff across the globe than the Jones Days of the world.

-- AdamCarlis - 28 Jan 2008

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Andrew’s line of reasoning explaining the ratio at which firms bill clients to the salary they pay associates definitely makes sense.

But I also wanted to point out that U.S. firms’ use of lawyers from India or anywhere else does not necessarily mean that employment rates for new associates will decline or real wages will fall. Outsourcing is not just a one way transfer of resources, and it could ultimately increase demand for U.S. trained lawyers.

I agree with Eben that the nature of the work U.S. associates will be required to do will change. Greater specialization and higher level lawyering skills might be rewarded, whereas the domestic demand for those performing more basic tasks could fall. But shouldn’t this make associate’s jobs more interesting?

-- EdwardNewton - 28 Jan 2008

 
 
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Revision 8r8 - 28 Jan 2008 - 16:15:57 - EdwardNewton
Revision 7r7 - 28 Jan 2008 - 02:30:46 - AndrewGradman
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