Thứ Năm, 3 tháng 1, 2008

Happy New Year! - Deflate the Rate



-David Lat, "Profits vs. Partners", New York Observer.


On the above chart, I have superimposed in red C.A. hourly rates. While profits per partner, agency profits, and law school tuitions continue to skyrocket, some firms/agencies are taking advantage of the New Year by not only trying to freeze hourly rates, but deflate them, as well!

From craigslist:

"25 temp attorneys needed for document review starting Jan 14th - Must be licensed in NY and have experience. 2-3 months, 34.00/hr straight time - 50 hours a week"


Remember, inflation? $35 in 2004 was worth much more than $35 is today.

Are we just going to sit back like a bunch of quiet, docile, buttoned down professionals, while our hourly wages continue to plummet into the toilet? I think not.

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