Reboot Your Law Practice

EPISODE #13 Adjusting to the Marketplace – How low should you go?

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Synopsis

Scott and Oscar talk about the current state of the legal market and various solutions offered by websites and pundits. But all the solutions reflect that this is not the same legal system and marketplace from 10 years ago. Many young lawyers are finding that they are being offered very low salaries and question whether they should take the job – is it the right thing to do? The hosts recommend biting the bullet and taking the job but also discuss that finding a way to generate your own business is still the best safeguard against a volatile marketplace. While the current law school glut is diminishing due to lower law school attendance, the hosts discuss that the effects of less lawyers entering in the marketplace is still years away. Therefore, it is incumbent on folks to do what they have to do to generate business. Even if young lawyers have to take an associate salary that is very low, the hosts recommend taking that position and using it as a springboard to developing your own book of business. Taking t