tag:blogger.com,1999:blog-5452025352696285200.post7872119033659854178..comments2024-02-23T04:59:26.907-05:00Comments on But I Did Everything Right!: The Cravath System... Origins of Lockstep... and its Death.Angelhttp://www.blogger.com/profile/07820446523257638689noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-5452025352696285200.post-51201359425044910482009-12-19T19:31:06.216-05:002009-12-19T19:31:06.216-05:00The Cravath system is what I liked about going to ...The Cravath system is what I liked about going to law school. My dad was also familiar with it. Basically, he sold me on the idea that your salary will just keep going up and up where everyone else's plateau's. "You have so much more earning power with an advanced degree," he said.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5452025352696285200.post-59768112064421117032009-12-18T15:58:43.504-05:002009-12-18T15:58:43.504-05:00Well, I am thinking very long term. With the elmi...Well, I am thinking very long term. With the elmination of these high end associate salaries, many people will not go to law school. Eventually, the supply of lawyers.. which is so high right now... will be corrected. And then law school tuitions will go down and attorneys will be more net pay.Angelhttps://www.blogger.com/profile/07820446523257638689noreply@blogger.comtag:blogger.com,1999:blog-5452025352696285200.post-29293819157223289942009-12-18T15:46:38.847-05:002009-12-18T15:46:38.847-05:00Not so sure I agree with you. The guild mentality...Not so sure I agree with you. The guild mentality of the prestige whores that is reflected in lockstep, believe it or not, protects everyone in the profession to some extent. <br /><br />I can't even imagine how awful it would be if the legal industry with its 200+ schools and outsourcing of the most labor intensive work were permitted to find a true market floor. <br /><br />Those 25k jobs wouldn't generate bad jokes about "shitlaw," they would be heavily sought.Anonymousnoreply@blogger.com