Posted May 31, 2012 10:35 pm CDT
A small Boston law firm that hit the headlines when it advertised a job for a new law graduate paying $10,000 a year got 32 applicants for the position, a partner of Gilbert & O’Bryan tells the Boston Business Journal.
Although observers note that the the pay is less than minimum wage, the job offers valuable experience, says Larry O’Bryan. “What we emphasize is that we do provide the opportunity for new associates to have their own case load right from the start.”
It appears that instead of offering a traditional employer-employee law firm associate position, the job arrangement sets up the fledgling lawyer with desk space, a case load and mentoring, allowing him or her to earn based on collections from work performed for the firm.
Hat tip: Business Insider.