Mega Firms or Private Practice?
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Small Law Firm Employment - 10 Challenges to Working in a Small Law Firm - Small Law Firm Life

Small Law Firm Employment - 10 Challenges to Working in a Small Law Firm - Small Law Firm Life | Mega Firms or Private Practice? | Scoop.it
Small Law Firm Life - Learn about the challenges of working for a small or solo law firm
Cullen Price's insight:

9) The perks of working in a small firm are much less than working in a megafirm.  Besides a few exceptions, salaries are less in a smaller firm.  Also, a small support staff and small office space is another downfall of working in a small firm.

10)With a small law firm, it is usually limited to local clients.  This means that they do not have a diverse client base and may have to specialize in a practice of law that they do not want to because of the area they are in.  This leads to little prestige and little recognition.

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Large Law Firm Disadvantages - 15 Challenges to Working in a Large Law Firm - Large Law Firm Life

Large Law Firm Disadvantages - 15 Challenges to Working in a Large Law Firm - Large Law Firm Life | Mega Firms or Private Practice? | Scoop.it
Wonder what life is like in a large law firm? Learn about the disadvantages and challenges of working in a large law firm.
Cullen Price's insight:

4) A challenge with working in a law firm is that it requires strict academic requirements and/or a lot of experience to get hired.  If you don't go to a top tier law school or have experience of being a good lawyer there is a good chance you won't get a job at a mega firm.  These top tier law schools also cost a lot of money, so this is another challenge that these people must face if they want to get a job at one of these firms.

5)Also, the time that goes into a job as a lawyer in a megafirm is a lot. Lawyers in megafirms usually work long and uncommon hours. This means that they work late into the night and also work many weekends for hours as well.  Also, many megafirms have international clients, so overnight travel is not unusual as a lawyer in a megafirm.

6)Also the competitive environment and high expectations of the lawyers is another challenge.  Within the megafirm it is very competitive with all the lawyers because every lawyer in the firm is highly qualified.  Also, because everyone is highly qualified, the people above you have high expectations and there is little room for error.

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Small Law Firm Life - 10 Benefits of Working in a Small Law Firm - Small Law Firm Employment

Small Law Firm Life - 10 Benefits of Working in a Small Law Firm - Small Law Firm Employment | Mega Firms or Private Practice? | Scoop.it
Small Law Firm Life - Learn about the benefits and perks of working in a small law firm.
Cullen Price's insight:

7) A benefit of working in a small firm rather than a megafirm is that the job is more laid back and less stressful.  There is less competition is this type of firm which lets employees be less stressed and perform at a better rate. Also, there is usually less formal of a dress code and the hours at a small firm are a lot more flexible and not as long.

8)Also, the environment in a small firm is a little more friendly than a megafirm.  Everyone that works there usually knows each other by a first name basis and lawyers usually have more direct contact with client rather than having other people do their work.  Also, because it is a smaller firm, the road to partnership as a lawyer is easier and takes a shorter amount of time.

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Large Law Firm Employment - Benefits of Working in a Large Law Firm

Large Law Firm Employment - Benefits of Working in a Large Law Firm | Mega Firms or Private Practice? | Scoop.it
Large Law Firm Life - Learn about the advantages of working in a large law firm.
Cullen Price's insight:

1)Why some lawyers are gravitating towards megafirms instead of private practice is some of the materialistic things that they can receive.  Megafirms are ranked among the highest paid practice environments and usually have better compensation packages than you would receive in a smaller firm.  Also, usually megafirms have big buildings which would provide more office space in good locations around the world.

2)The resources that megafirms can provide for lawyers is also a major attraction.  These megafirms have well developed training programs for new lawyers which would allow them to develop faster. Also, most megafirms have on-site resources like a law library or a full service copy center.

3) The work in a megafirm also tends to be more challenging and sophisticated.  Major companies and celebrities go to megafirms rather than private practice because of the high caliber lawyers and resources they can provide.  Their work is usually more challenging and has more on the line.  Also the diversity of the clientele which ranges from personal clients to major corporations to popular celebrities makes megafirms attractive.

 

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