Why a Top Law Firm Teaches Its Lawyers to Be More Like MBAs
At Skadden Arps, new hires go through business boot camp
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Turning law students into lawyers has traditionally been the job of law schools. One major New York firm has decided three years of traditional legal training is not enough to make its rookies practice-ready.
At Skadden Arps, one of the country’s largest law firms, new hires must undergo five weeks of intensive business training, which they refer to as a mini-“virtual MBA.” The approach is part of a growing push within the legal industry to equip lawyers with a deep understanding of finance and accounting at the start of their careers.