The Latest Round of Bravado or the Winds of Change?
Patrick J. Lamb has a great post on a recent "flash survey" by Altman Weil. The short story is that there's a tremendous amount of dissatisfaction by GC's regarding the latest round of salary increases for starting associates. No surprise there, but the report goes further in stating GC's are going to start looking at pulling work back from their primary law firms and look more seriously at second-tier firms.
I'm skeptical.
We've heard similar song and dances before from the GC's about pulling work. Many talk about it, but at the end of the day it appears they all wait for somebody else to do it. That's a shame. If those threatening action would actually take it, and if it results in firms starting to take a harder look at their client service approaches it could ultimately be a good thing.
