Guess who is now going to make a killing from the Internet? The lawyers. Here's the shocking part: What took them so long?
As Internet start-ups draw the best and brightest--or at least the greediest--away from myriad industries, off-line firms ranging from investment banking to media have been forced to increase compensation to keep pace. The latest manifestation of the new wage order is in the legal profession, where promising young attorneys have been abandoning their law firms for Internet start-ups.
To keep legal eagles hungry, law firms are taking some of the money that goes to partners--who typically earn a...
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