The People’s Therapist, a lawyer-turned-therapist columnist for Above the Law, has an interesting article today on the cultural divide between rich law firms and the document review armies they employ.
One of my wealthiest clients, a hypothetical composite who claims half of a large law firm as a personal asset, explained to me an especially profitable element of his firm’s business:
“You see, we get these kids in to do doc review, and we pay the company that recruits them $35/hr. The kids get $25, and we bill the client $70. That’s about it.”
We could argue forever about how the world ought to be – how much wealth the rich should be permitted to amass before they pay taxes, how low the poor should be allowed to sink before we reach down a helping hand. It isn’t my place to attempt to define injustice.
But I do wish we were all a bit more conscious of how the “other half” (or other ninety-nine percent, or other one percent) lives. At very least, let’s open our eyes and own that law students, scammed into buying degrees with tens of thousands of borrowed dollars, are being worked like cattle. Meanwhile, wealthy partners are pocketing millions upon millions and wondering how they can possibly give back in a meaningful way.
I’ll add to the growing chorus: There’s something wrong with this picture. Both sides are sensing it – your half (whichever it is) and the “other half.”
Read the whole post here: The Other Half.