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Finally Dino AKA Fat boi says hi

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There is real training, but it’s uneven and often unintentional. If you find good mentors, you can pick up invaluable skills, but it’s on you to seek them out since firms rarely structure it well.
I think you are spot on. Sharing the experience and knowledge is not common in the legal field. You learn everything by yourself. It’s almost a test. Once you get that experience and knowledge it is up to you to decide whether you are going to share it. In reality you’ll be too busy to get your billables and the clients, you will not have the time. It is a vicious circle.
Your remark about “trial by fire” is true in my experience; the old saw “sink or swim” also comes to mind. I didn’t realize how poorly my firms were at training until I went in-house with a large corporation and saw what real career development and mentoring look like. I do recognize, however, that others may have had better experiences with their firms.
The “guild” concept actually has its roots in tradition. Back in England, they have had an “Inns” system for hundreds of years, which is very guild-like. Rather than single firms training their own people, there is crossover. All sides of the bar join them. Judges are members too. I would say that is more guild-like (or maybe Harry Potter house-like). We have Inns of Court here in the US, but they aren’t quite the same.
As far as the way firms work, they are all going to be different. Good firms (and/or good groups within firms) will have good mentors and good systems in place for training people up in both the work and business development. Just gotta find your people.
Rising Star
To use a law school analogy, the training is more like office hours than it is a doctrinal lecture. There’s an expectation that you’ll take the initiative and ask questions where there’s things you don’t know.
It’s all about billing hours because that’s the actual job (not practicing law)
I started with a shit firm and now many years later, I still have crippling imposter syndrome.
Pro
I agree that it is mostly on the job training/trial by fire, but I think you get better training the more associates you have at every level and the more leveraged your deals are. The best training is first years being trained by juniors, juniors by midlevels, and then seniors get some coaching/insight from partners. Partners should not be training juniors imo