PSCI 4396 Lecture Notes - Lecture 8: Contingent Fee, Microsoft Onenote, Legal Services Corporation
22 Feb 2016
School
Department
Course
Professor
Document Summary
Remainder split between public interest law, academia, and military. Wall st. firms form the very top, extremely high hourly fees. Typically very high achievers, need to go to a really good law school. Pay really well, work for very interesting clients often. Tradeoff is that you work all the time, 70hr weeks are common. Partners in these firms do really, really well. Some attorneys are hired directly by a large corporation. Just as talented as those in law firms but are paid less and is less interesting. Tend to do a lot of transactional work. If a corporation gets sued, its usually head of legal department that gets outside firm. Kind of lawyers you"ll encounter in a court room. Tend to work in smaller groups or by themselves. Although it seems like lower prestige work, they may make more money than any other kind of lawyer. Contingency fees can give huge rewards for a successful case.
