The Lawyer Bubble: A Profession in Crisis

The Lawyer Bubble: A Profession in Crisis

by Steven J Harper
The Lawyer Bubble: A Profession in Crisis

The Lawyer Bubble: A Profession in Crisis

by Steven J Harper

Paperback(First Trade Paper Edition)

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Overview

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.


Product Details

ISBN-13: 9780465065592
Publisher: Basic Books
Publication date: 03/08/2016
Edition description: First Trade Paper Edition
Pages: 320
Product dimensions: 5.40(w) x 8.20(h) x 1.00(d)
Age Range: 13 - 18 Years

About the Author

Steven J. Harper is an adjunct professor at Northwestern University’s Law School and Weinberg College of Arts & Sciences. He is a regular contributor to the American Lawyer and the author of three previous books, including Crossing Hoffa: A Teamster’s Story and The Partnership: A Novel. After a 30-year career as a litigator, he recently retired from Kirkland & Ellis LLP—the firm he joined immediately upon graduation from Harvard Law School. He is a fellow of the American College of Trial Lawyers and has been listed in numerous compilations of the best lawyers in America.

Table of Contents

Introduction ix

Part I Law Schools

Chapter 1 Tracking The Bubble 3

Chapter 2 The Role of the ABA and U. S. News Rankings 15

Chapter 3 Inadequate Responses 43

Part II Big Law Firms

Chapter 4 Attorney Dissatisfaction 57

Chapter 5 The Transformation of Big Law Firms 67

Chapter 6 Surging Income Inequality 99

Chapter 7 Continuing Destabilization 123

Chapter 8 Dewey & LeBoeuf: A Case Study 133

Part III Deflating the Bubble

Chapter 9 Law Schools 155

Chapter 10 Big Law Firms 169

Chapter 11 Prospective Lawyers 197

Epilogue 203

Acknowledgments 209

Notes 211

Index 239

What People are Saying About This

From the Publisher

The Lawyer Bubble is an important book, carefully researched, cogently argued and compellingly written. It demonstrates how two honorable callings – legal education and the practice of law – have become, far too often, unscrupulous rackets.”
—Scott Turow, author of Presumed Innocent and other novels

“With wit and insight,The Lawyer Bubble offers a compelling portrait of the growing crisis in legal education and the practice of law. This book is essential reading for anyone concerned about the profession or contemplating a legal career.”
—Deborah L. Rhode, Professor of Law and Director of the Center on the Legal Profession, Stanford University

“This is a fine and important book, thoughtful and beautifully written. It makes the case – in a responsible and sober tone – that we are producing far too many lawyers for far too small a segment of American society. It is a must-read for leaders of law firms, law schools, and the bar, as the legal profession continues its wrenching transition from a profession into just another business.”
—Daniel S. Bowling III, Senior Lecturing Fellow, Duke Law School

“In this superb book, Steven Harper documents, ties together and suggests remedies for the deceit that motivates expanding law school enrollment in the face of a shrinking job market, the gaming of law school rankings and the pernicious effect of greed on the leadership of many of our nation’s leading law firms. The lessons he draws are symptomatic, and go well beyond the documented particulars.”
—Robert Helman, Partner and former Chairman (1984-98), Mayer Brown LLP; Lecturer, University of Chicago Law School

“Every sentient lawyer realizes that the legal profession is in crisis, but nobody explains the extent of the problem as well as Steven Harper. Fortunately, he also proposes some solutions – so there is still room for hope. This is an essential book.”
—Steven Lubet, author of Fugitive Justice and Lawyers’ Poker

“Steven Harper's The Lawyer Bubble is an expression of tough love for the law, law firms and the people who work in them. The clear message is take control of your destiny and your firm to avoid the serious jeopardy that confronts far too many firms today. Whether you are a partner, associate, or law student, you should read this compassionate and forceful work.”
—Edwin B. Reeser, Former managing partner, author, and consultant on law practice management

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