Why can job security be debated in large private firms (BigLaw)?
Answer
Security is often tied directly to the flow of lucrative, large-scale deals
Security in BigLaw is often performance-based and linked directly to the volume of high-cost legal services demanded, which can shrink during economic contractions.
Related Questions
What primary factor supports job security in government legal roles?Why can job security be debated in large private firms (BigLaw)?What makes in-house counsel positions generally more secure than firm work during slow periods?What characteristic grants strong job security in fields deeply entwined with regulation and compliance?What trade-off often exists between a state utility commission staff attorney and a BigLaw partner?Why is the demand for legal guidance in Administrative Law sectors constant?Which non-traditional legal career path becomes vital when parties seek faster alternatives to court battles?What drives significant, community-based security for small firms handling local services like estate planning?According to the comparison provided, what determines security more than the legal degree itself?How can litigation attorneys proactively enhance job security beyond pure legal argumentation?