The other day I had a coffee with the guy who many of the top law firms bank with, Barclays head of professional services Tom Wood.
As we sipped our expensive cappuccinos, while inwardly thanking our lucky stars that we'd been born ten years later than the current cohort of graduates being spluttered out of universities into a barren job market, Wood made a really good point:
"It’s strange that law schools don’t teach students about the legal market,” he remarked.
"Because with the lack of jobs, and all the changes taking place with Alternative Business Structures (ABS), it would be really useful for them to know more than many do at present."
It’s so true! Most law students’ knowledge of the rapidly changing legal market they hope to join is gleaned from the generalist musings of often-incompetent law school careers advisors, or the sort of PR-laden garbage churned out by many legal publications. They don’t need to know loads, just a few important basics. And the starting point is that right now there are basically four different types of law firm – and two of those are fast-heading for extinction...
Continue reading