Quote:
Originally Posted by Unregistered
It is shocking how the industry is not painting the full picture of how bad the glut of lawyers is. A good number of graduates during the peak of the glut in 2014 never managed to secure a TC and switched careers. Those who managed to secure a TC struggle to get retained. The fortunate few who managed to get a NQ position end up in general litigation such as personal injury and are paid pittance. To top it all off, the liberalisation of the legal sector in the last decade has basically opened the floodgates for foreign firms to freely compete for high-value work and left local firms scrapping the barrel.
tldr; get out of law while you still can.
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Saw that there is/expected to be a significant increase in retrenchment and pay cuts in our economy. How is it for law firms? Are associates facing this or think this will happen soon?