LAW-LESS FRIDAY: Conflicting signals for the health of the legal job market

Well, it isn't a post that is devoid of law as a subject, but no appellate decisions to digest here at any rate.

Two stories caught my eye over at abovethelaw.com.  In the first, it is reported that young associate hiring is set to increase at law firm. Yay! But, in the second, a hint that large corporation general counsel are looking at refusing to pay for time billed by young associates.  That would impact the leverage model that large firms use.  I suppose one is a longer term trend while the hiring is immediate, but it isn't outside the realm of possibility that the net impact of service outsourcing and automation, coupled with events like the proposed refusal to pay for young associates, might result in the substantial restructuring of the legal market in the next couple of decades.

Source: http://abovethelaw.com