SOC216H5 Lecture Notes - Lecture 8: Human Capital, Social Capital, Big Business
Document Summary
Lawyers: a lot of jokes about lawyers. Keep people in and out of law: politicians 70% of our pm"s were lawyers, they play powerful positions as lawyers in politics. Look at the size of the firm (small firms vs. large firms) Because we have had a general expansion in higher education, fewer barriers, open to everyone. Shift in the economy for manufacturing, more work for lawyers (deals) Some transformations: 1950s most lawyers worked in solo practice (those who work in the strip mall giving individuals legal advice such as divorce lawyers) Inside counsel, number of lawyers that work for corporations has been increasing. By promoting associates back in the day: very rarely do lawyers go to court, especially business lawyers, they just make a deal. Why work in a large firm: get to work with smart people, varying incomes from canada to the u. s. What happens when you don"t do well in law school: cry, transfer, public interest law, etc.
