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A Profession in Crisis
Basic Books
April 2013
On Sale: April 2, 2013
272 pages
ISBN: 0465058779
EAN: 9780465058778
Kindle: B00BPY5PLE
Hardcover / e-Book
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Non-Fiction
A noble profession is facing its defining moment. From law
schools to the prestigious firms that represent the pinnacle
of a legal career, a crisis is unfolding. News headlines
tell part of the story—the growing oversupply of new
lawyers, widespread career dissatisfaction, and spectacular
implosions of pre-eminent law firms. Yet eager hordes of
bright young people continue to step over each other as they
seek jobs with high rates of depression, life-consuming
hours, and little assurance of financial stability. The
Great Recession has only worsened these trends, but
correction is possible and, now, imperative.
In
The Lawyer Bubble, Steven J. Harper reveals how a
culture of short-term thinking has blinded some of the
nation’s finest minds to the long-run implications of their
actions. Law school deans have ceded independent judgment to
flawed U.S. News & World Report rankings criteria
in the quest to maximize immediate results. Senior partners
in the nation’s large law firms have focused on current
profits to enhance American Lawyer rankings and individual
wealth at great cost to their institutions. Yet, wiser
decisions—being honest about the legal job market,
revisiting the financial incentives currently driving bad
behavior, eliminating the billable hour model, and more—can
take the profession to a better place.
A devastating
indictment of the greed, shortsightedness, and dishonesty
that now permeate the legal profession, this insider account
is essential reading for anyone who wants to know how things
went so wrong and how the profession can right itself once
again.
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