Why the latest generation of lawyers are opting for solo practice
As the legal industry evolves, new lawyers continue to challenge the status quo. In search of more flexibility and autonomy, many of this generation of lawyers are opting for solo practice.
In this piece for Solo in Colo, we discuss the trend and the motivating factors behind it, including:
“Younger generations of attorneys, rather than falling in line with the status quo, are looking for a better way to make their voices heard. They are less drawn to the hierarchy imposed by big law firms and more interested in working collaboratively with attorneys at all stages of their careers…
Millennial lawyers are also aware that the traditional law firm hierarchy can work against them in an economic crisis as new lawyers are some of the first to be affected by large law firm layoffs and furloughs when there is a downturn in the economy. Law.com suggested that over 64,000 legal industry jobs were lost in April 2020 alone. Many millennial lawyers are looking for a break from the hierarchy of a large law firm environment that can leave them vulnerable and ensuring their own economic viability through entrepreneurship.”
Read the full article here.
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