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What Can the Legal Industry Learn from Baseball's Labor Dispute?
Major League Baseball just resolved a contentious dispute between owners and the players union over revenue, salvaging the full 2022 season. Simply put, both parties had been at odds about how to split up the pie, and it seemed that at least two weeks of the season would be lost.
This acrimony was in place despite the fact that MLB revenues had been soaring in the years leading up to the COVID-19 pandemic. The last two years haven't been quite so flush, thanks to cancellations and attendance restrictions — one reason why the comparison I'm about to draw to law firms is a little inexact. But conditions are in place this season for a return to form.
In addition to the fact that law firms, taken as an aggregate, have performed tremendously well over the last 18 months, my analogy is complicated by the fact that baseball players, unlike law firm associates, are unionized and can participate in collective bargaining. And, as we've certainly noticed over the past year, they're not bound to their employers for the first six years of their careers.
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