Interesting article in Time.com, Why Rookie Lawyers Get $60,000 Paid Vacations. The article never answers the question, it just talks about how individual 3Ls are reacting to the "opportunity." No one has really spoken about this from the customer’s perspective. If a firm has an incoming class of 50 new lawyers, somebody is paying for that $3,000,000.
Is it too early to start a betting line on whether firms raise rates in 2010?