LegalEye Blog

A recent Business Week article indicates that some law firms are bringing the roles of junior associates back down to earth.  Associates with 0-3 years of experience are one of the biggest pain points for in-house counsel, as the cost of their inefficiency has risen with their ever-increasing rates.  Now, however, certain firms are capping rates and the number of hours new associates can bill for the first two years.  If this turns into a trend, it will be interesting to see if lower rates for better-groomed junior associates will slow GC’s propensity for bringing more routine tasks in-house.