Career paths in the legal industry, like every many other industries are in a state of change. For ages, the the typical career path for lawyers went something like this;
- Finish law school
- Pay your dues for years at larger firm with the hopes of becoming a partner
- Eventually see your name on the sign outside the building
In the last 2 decades a variety of factors are disrupting an industry that has been notoriously averse to change and creating an opportunity for entrepreneurial attorneys.
What are the catalysts for these changes? Here’s some big ones;
- A decrease in entry level legal jobs
- A radical change in consumer buying behavior
- The emergence of Millennials (an overused and lazy term, but still) with buying power, who don’t want to hire ‘your father’s law firm’
- A new generation of attorneys who want quality of life AND a career (the nerve!)
- The meritocratic nature of the internet that has emphasized competency and de-emphasized resting on laurels (whatever those are)
And while some lament the good ol’ days of grad school internships, yellow page ads, billboards and mahogany lined meeting rooms with leather bound books, many young (and some not so young) attorneys recognize what this opportunity before them is: the best time in history to start your own law firm.