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As of 2015, only 15% of the nation's law schools (30 out of 206) provided most of the attorneys for Big Law, the collective term for the nation's largest law firms. [9] Only 30 law schools trained 76% of 500-plus and 59% of 250-plus Big Law positions (that is, positions at large law firms with that many attorneys). [9]
Serving as a law clerk is considered to be one of the most prestigious positions in legal circles, and tends to open up wide-ranging opportunities in academia, law firm practice, and influential government work. [3] In some countries, judicial clerks are known as judicial associates or judicial assistants.
According to published data from the New York Times, the annual base salary for partner-track first year associate attorneys at top law firms in major U.S. legal markets such as New York, California, Massachusetts, the District of Columbia, and Texas can range from $160,000 to $190,000 per year—with salary varying depending on the size and reputation of the firm.
In the United Kingdom, Australia, Hong Kong, Ireland, and certain other English common law jurisdictions, a trainee solicitor is a prospective lawyer undergoing professional training at a law firm or an in-house legal team to qualify as a full-fledged solicitor. This period of training is known as a training contract and usually lasts for two ...
Judicial clerkships after graduation or law clerk positions at prestigious law firms while in school are also distinguishing marks. This credential-based system is sown in law school, where high grades are frequently rewarded with law review membership and much sought after summer clerkships (called " summer associateships " in some areas) with ...
Law firms are typically organized around partners, who are joint owners and business directors of the legal operation; associates, who are employees of the firm with the prospect of becoming partners; and a variety of staff employees, providing paralegal, clerical, and other support services. An associate may have to wait as long as 11 years ...
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