The Wall Street Journal has a post called: Big-Law Associates Facing 2008 Salary Cap by Dan Slater.

Here is a key paragraph from that post from which my title was derived:

"We called around to firms to find out whether associate salaries, called economically-irrational in some quarters, have finally (or, at least, for now) hit


The September 2007 McKinsey Quarterly has an interesting article called: The Evolving Role of the CMO by David Court who discusses four areas of change for the CMO:

  • Changing to reflect new consumer [client?] buying behavior
  • Shaping the Company’s [Firm’s?] public profile
  • Managing Complexity
  • Building new Marketing Capabilities

Before concluding, David discusses how the CEO


Two notes of optimism today for the legal profession:

“Forget the old stereotypes of law firms as inhospitable to women,” said Suzanne Riss, Editor in Chief, Working Mother magazine.  “As Working Mother examined the practices of many of the nation’s law firms, I was pleasantly surprised to discover that a number have been quietly changing

“Ford & Harrison, a 190-attorney labor and employment firm, has tossed out billable-hour requirements for first-year associates. The program aims to close the practical-skills gap of law school education and increase value to clients. The firm also hopes it will enable associates to handle meatier matters more quickly.“ according to Leigh Jones of The National